Cryptocurrency brokerage firm Blockchain.com is deepening its presence in Africa after recording explosive growth in Nigeria. According to reports, brokerage transaction volumes have increased by more than 700% since the company launched retail operations in the country last year.
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Blockchain.com has now expanded operations into Ghana as part of a broader strategy to grow its footprint across the continent. The move reflects rising demand for accessible digital asset services and positions the firm to tap into one of the fastest-growing regions for crypto adoption globally.
Nigeria Emerges as a Major Growth Hub
Since entering the Nigerian market, Blockchain.com has established a strong operational presence in one of the country’s most populated state, Lagos, and has hired local talent to support its expanding range of services. The company says the country has quickly become one of its fastest-growing markets worldwide.
Trading activity on the platform has been largely driven by major digital assets, including Tether ($USDT-USD), Bitcoin ($BTC-USD), and TRON ($TRX-USD).
Nigeria’s strong crypto usage aligns with Chainalysis’s Global Crypto Adoption Index, which consistently ranks the country among the top adopters of digital assets worldwide. The country also leads Sub-Saharan Africa in grassroots crypto adoption.
Blockchain.com Expands Across West Africa
According to Owen Odia, General Manager for Africa at Blockchain.com, the company views the region as central to its mission of improving global financial access. He noted that the firm is investing in new infrastructure, building regional teams, and designing products tailored to African users as part of a long-term strategy.
Even before launching formally in Ghana, Blockchain.com reported strong organic demand from users in the country, with active users rising by more than 140% and transaction volumes growing by 80%.
The company believes that stablecoins and other digital assets could significantly improve cross-border settlement efficiency in West Africa, reduce remittance costs, and support the expansion of digital commerce networks. In addition to its expansion into West African countries, Blockchain.com continues to make its presence known across the European market.
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