Crypto brokerage firm Blockchain.com said on Monday it is expanding into Ghana after recording more than 700 percent growth in transaction volumes in Nigeria over the past year, as the company steps up efforts to grow across Africa’s fast-rising digital asset market.
The London-based company said Nigeria has become one of its fastest-growing markets globally since it launched retail operations there early last year.
Blockchain.com built an operational base in Lagos and hired local staff, helping drive a surge in brokerage activity. The most traded digital assets on its platform in Nigeria include USDT, bitcoin and TRX, the company said.
The expansion into Ghana marks the next phase of the firm’s strategy to deepen its presence in Africa, where demand for cryptocurrency has been rising amid currency volatility, growing remittance flows and a young, mobile-first population.
According to Chainalysis’ Global Crypto Adoption Index, Nigeria consistently ranks among the top crypto adopting countries in the world and leads Sub Saharan Africa in grassroots adoption. The country has seen billions of dollars in annual crypto transaction volume, driven in part by currency volatility, remittance demand, and a rapidly growing mobile first population.
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Owen Odia, general manager, Africa at Blockchain.com said the company’s growth in Nigeria over the past year has demonstrated the immense potential for digital assets across the African region.
“Africa represents our mission in making financial services available to everyone globally. We are building for a long-term future by building new infrastructure, investing in local talent, and developing region-specific products tailored to the needs of the region,” Odia affirmed.
Blockchain.com maintains teams in the market to support operations, partnerships, and regulatory engagement, reinforcing its long term commitment to Africa.
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Even before the official launch, Blockchain.com saw significant organic traction from Ghanaian users looking for secure, compliant digital asset tools including more than 140 percent increase in active users and an 80 percent growth in transaction volumes.
Stablecoins and digital assets can enhance cross-border settlement efficiency, reduce remittance costs, and support growing digital commerce ecosystems across West Africa. Blockchain.com says it remains focused on building infrastructure that complements and strengthens existing financial systems.
