Blockchain.com is expanding its presence in Africa with the launch in Ghana, as the crypto intermediary looks to build out digital asset infrastructure in some of the region’s fastest-growing markets.
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Blockchain.com has launched operations in Ghana as part of its broader expansion strategy in Africa. The move comes as transaction value in Nigeria, one of the company’s fastest growing markets, increased by more than 700%. The company states that the increase in cryptocurrency adoption in Africa is being driven by remittances, currency volatility, and mobile-first users.
The company announced the expansion on March 9, saying the move is part of a broader strategy to expand its operations across Africa and provide local users with a secure and compliant platform to access digital assets.
The launch in Ghana follows strong growth in Nigeria, which has emerged as one of Blockchain.com’s fastest growing global markets. Since officially launching its retail operations in the country last year, the company has recorded a more than 700% increase in brokered transaction volume, the statement said.
Blockchain.com established operations in Lagos and hired local staff to support expansion. USDT, BTC, and TRX have emerged as the most actively traded assets among Nigerian users on the platform.
The company said demand for digital assets continues to increase across Africa due to factors such as currency fluctuations, remittance needs and a rapidly expanding mobile-first population. According to industry data, Nigeria consistently ranks among the top in the world for cryptocurrency adoption.
Blockchain.com also reported that it was gaining attention in Ghana even before its official launch. Over the past year, the company recorded a 140% increase in the number of active users in the country and an 80% increase in transaction volume. This suggests strong local demand for regulated access to cryptographic services.
“Africa represents our mission to make financial services accessible to everyone around the world,” said Owen O’Dea, the company’s general manager for Africa, adding that the company invests in local talent and develops products tailored to local needs.
The company said stablecoins and digital assets could help improve cross-border payments, reduce remittance costs and support digital commerce across West Africa.
Founded in 2011, Blockchain.com operates in more than 70 jurisdictions, has created more than 90 million wallets worldwide, and has processed more than $1.2 trillion in cryptocurrency transactions.
