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Blockchain.com has announced its expansion into Ghana, as the crypto brokerage moves to scale operations across Africa following what it says has been rapid growth in Nigeria since launching retail services there early last year.
Nigeria served as the company's first retail market on the continent. Since launch, Blockchain.com recorded over 700% growth in brokerage transaction volume in the country, with USDT, BTC and TRX emerging as the most traded assets. The company established a local presence in Lagos and hired regional talent as part of its operational build-out.
Ghana had already been generating activity on the platform ahead of any formal launch. Over the past year, Blockchain.com recorded a 140% increase in active users in the country and an 80% rise in transaction volumes, signalling demand for regulated access to digital assets ahead of the official market entry.
Nigeria consistently ranks among the top crypto-adopting countries globally, according to Chainalysis' Global Crypto Adoption Index, and leads sub-Saharan Africa in grassroots adoption. The country has seen billions of dollars in annual crypto transaction volume, driven by currency volatility, remittance demand and a growing mobile-first population.
Owen Odia, General Manager, Africa, Blockchain.com
Owen Odia, General Manager, Africa, Blockchain.com 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 to make financial services available to everyone globally. We are building for a long-term future by developing new infrastructure, investing in local talent, and creating region-specific products tailored to local needs."
Across emerging markets, digital assets are increasingly used for payments, remittances and savings, as well as investment, providing individuals with tools to manage currency volatility and participate in the global digital economy. Stablecoins are being highlighted as a mechanism to improve cross-border settlement efficiency and reduce remittance costs across West Africa.
Blockchain.com operates in more than 70 jurisdictions worldwide. Since 2011, the company has processed over $1.2 trillion in crypto transactions, created more than 90 million wallets and verified over 40 million users. It maintains local teams in its African markets to support operations, partnerships and regulatory engagement.
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