- Among West African crypto markets, Nigeria’s is expanding at a faster rate.
- Ghana, Kenya, South Africa targeted for expansion.
The British-based crypto exchange, Blockchain.com, is eager to enter Africa by focusing on countries that are establishing their crypto regulations. In the second quarter of 2025, a physical office in Nigeria will be opened by the company to help it grow within Africa. It is also supported by increasing digital asset regulations in Nigeria, Ghana, Kenya and South Africa.
The intention of the exchange is to tap into Africa’s rising interest in cryptocurrency. The firm has named Nigeria as the market in West Africa with the greatest growth potential. In accordance with Nigeria’s recently enacted securities legislation, which now encompasses digital assets, Blockchain.com is attempting to get an authorization.Stable regulatory progress in the region draws crypto companies looking for a steady place to do business.
Nigeria Leads Blockchain.com’s African Expansion
Blockchain.com is establishing a physical site in Nigeria because the nation’s crypto market is so active. Many in the country are now using cryptocurrencies, thanks to their young, tech-oriented population and the challenges caused by the local currency losing value. The new office, opening in Q2 2025, will be at the center of our activities across West Africa.
AIn terms of growth rate among African markets, Blockchain.com’s general manager for operations, Owenize Odia, claims that Nigeria is outpacing all others. We are focused on establishing ourselves in areas where the rules for digital assets are supportive. To obtain a crypto exchange license, the company is following the new regulations set by Nigeria’s securities law.
This increase is the result of Nigeria working on rules for digital assets. Because of the new law, crypto exchanges in Canada now have a clearer guide, helping to bring in investment from global companies like Blockchain.com. This step should hopefully help generate jobs and build up local knowledge in blockchain technology.
Blockchain.com Targets other Africa Countries
Outside Nigeria, Blockchain.com wants to expand in Ghana, Kenya and South Africa, where regulations for cryptocurrencies are progressing. The Ghanaian central bank is now working on drafting laws for cryptocurrency platforms, with the goal of releasing them in September of 2025.Kenya is actively studying rules for crypto businesses, but South Africa already has regulations in place.
“Markets that are regulated in a modern way have great promise,” Odia said. Our goal is to help Africa’s digital economy thrive while making sure everything is compliant. Blockchain.com is working to adapt its services, so locals can access secure trading and educational content.
The country’s draft guidelines indicate that it is moving towards adopting blockchain technology. Innovation and consumer safety are both valued in Kenya which promises growth for Blockchain.com, while South Africa’s current crypto rules help the company expand with certainty.
A need for new financial options, along with economic reasons, has pushed the continent toward using digital assets. By settling in Nigeria and entering new regulated markets, the exchange hopes to connect with more users.
Because the company focuses on compliance, it stands out in a part of the world where unclear regulations have held back crypto adoption. Blockchain.com is teaming up with local partners to provide smooth services. It involves both recruiting locally and cooperating with regulators to follow national policies.
Blockchain.com’s new presence gives it a chance to compete with worldwide exchanges that are setting up in the area. Secure and simple platforms offered by the company may appeal to crypto users from all over the continent.
The move by Blockchain.com happens as crypto adoption around the globe is increasing rapidly. The expansion to Africa by the exchange proves that the continent can be a major player in the world of blockchain innovation. Blockchain.com is using new regulations as a guide to lead Africa’s digital economy.
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