Blockchain.com, a UK-based firm that permits customers to purchase, promote, and commerce cryptocurrencies, plans to increase into Ghana, Kenya, and South Africa and open a bodily workplace in Nigeria in Q2 2025. The transfer, first reported by Bloomberg, marks a big push into African markets amid rising regulatory readability throughout the continent.
The Nigeria growth would make Blockchain.com the primary international crypto agency to determine a bodily presence within the nation, a transfer that might reshape the aggressive panorama for native gamers. “Nigeria has taken significant steps towards creating a transparent framework for crypto,” Owenize Odia, basic supervisor for Blockchain.com’s Africa operations, advised Bloomberg. “Making use of for a crypto alternate licence in Nigeria is a high precedence.”
The corporate’s African growth comes as world crypto giants like Coinbase make deeper inroads into Africa. Opera, a Norway-based firm, launched an iOS model of MiniPay, its stablecoin pockets app, in Might 2025 to accumulate extra African customers. As international gamers deepen their engagement on the continent, their presence may pressurise African regulators to speed up the event of clear and constant frameworks for digital belongings.
Africa’s crypto market is predicted to generate over $2.9 billion in income in 2025. Whereas Blockchain.com doesn’t disclose its person numbers in Africa, it described Nigeria as considered one of its fastest-growing markets. Globally, the platform has over 37 million verified customers.
If Blockchain.com applies for a cryptocurrency licence in Nigeria, it could be the primary international crypto agency to take action because the nation’s Securities and Trade Fee (SEC) made such licencing necessary for international firms. Nigeria’s just lately enacted Investments and Securities Act (March 2025) granted the SEC authority to control digital belongings, formally recognising them as securities. It’s a long-awaited transfer that might entice additional funding and innovation within the sector.
Elsewhere on the continent, Ghana and Kenya are additionally drafting frameworks to control cryptocurrencies, whereas South Africa has already applied guidelines requiring crypto platforms to be licenced to function. These developments, mixed with the entry of companies like Blockchain.com, replicate a rising recognition amongst African governments that regulation is essential to the crypto sector’s improvement on the continent, and it will repay.
For Blockchain.com, establishing a bodily presence and investing regionally would be the clearest show of its dedication to Africa.