With Crypto Regulation Developing, Blockchain.com Eyes Expansion Across Africa

Blockchain.com Advances African Expansion Amid Growing Crypto Regulation

Blockchain.com is accelerating its growth across Africa as more countries establish regulatory frameworks for cryptocurrencies.

Targeting key markets like Ghana, Kenya, and South Africa, the crypto platform is set to open a physical office in Nigeria this quarter, a region it identifies as its fastest-growing market in West Africa, according to Bloomberg.

Recent reforms in Nigeria’s investment and securities legislation now provide a clearer path for licensing and oversight of crypto exchanges, boosting the company’s confidence in expanding there.

“Nigeria’s regulatory progress is a critical milestone for crypto adoption in the region,” said Owenize Odia, Blockchain.com’s general manager for Africa. “Securing a crypto exchange license in Nigeria is a top strategic priority for us.”

Elsewhere, Ghana has published draft guidelines to regulate digital assets, while Kenya continues its evaluation of the sector before rolling out formal rules.

Blockchain.com’s move comes amid preparations for a potential IPO, following leadership appointments designed to support its growth ambitions. This aligns with trends seen from other crypto firms such as Circle Internet Group, which recently filed for a public listing on the NYSE.