Blockchain.com doubles down on Africa, claims 700% transactions in Nigeria

Blockchain.com has expanded operations into Ghana and continues to scale operations to more African countries in the future. The brokerage firm is accelerating its commitment to financial access and digital asset innovation across the region, offering Ghanaian customers a secure, compliant platform.

Nigeria emerged as one of the company’s fastest-growing markets globally after Blockchain.com officially launched retail operations in the country early last year. The company established a strong operational footprint in Lagos, hired local talent within the region, and has recorded over 700 per cent growth over the last year in brokerage transaction volume since launch, with USDT, BTC and TRX as the most traded assets.

According to Chainalysis’ Global Crypto Adoption Index, Nigeria consistently ranked 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 yearly crypto transaction volume, driven in part by currency volatility, remittance demand, and a rapidly growing mobile-first population.

General Manager, Africa at Blockchain.com, Owen Odia, said: “Our 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.”
Blockchain.com maintained teams in the market to support operations, partnerships, and regulatory engagement, reinforcing its long-term commitment to Africa.

Even before the official launch, Blockchain.com saw organic traction from Ghanaian users looking for secure, compliant digital asset tools, including more than 140 per cent increase in active users and an 80 per cent 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 operates in more than 70 jurisdictions worldwide. Since 2011, Blockchain.com has processed over $1.2 trillion in crypto transactions, created more than 90 million wallets, and verified over 40 million users.

Join Our Channels