Nigerian Office Marks Key Entry

Blockchain.com, the UK-based crypto exchange, plans to establish a physical office in Nigeria during Q2 — its fastest-growing market in West Africa. According to Owenize Odia, Blockchain.com’s General Manager for Africa, “Nigeria has taken meaningful steps toward creating a clear framework for crypto.” The move also includes broader expansion plans in Ghana, Kenya, and South Africa.

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Although crypto trading remains restricted in many African countries, several — especially Nigeria and Ghana — are making moves toward formal legal frameworks. Ghana’s central bank released a draft indicating that crypto platforms may be regulated by September 2025. Meanwhile, Kenya continues to research the sector. These developments are crucial to Blockchain.com’s strategy, as regulatory clarity heavily influences expansion decisions.

South Africa Leads Africa’s Crypto Charge

South Africa is quickly becoming the continent’s crypto hub. With strong legal foundations and a business-friendly atmosphere, it has attracted global attention. According to Ben Caselin of VALR, a Johannesburg-based exchange, regulatory transparency is a key draw. As of March 2024, the Financial Sector Conduct Authority (FSCA) had approved 59 licenses, with over 260 applications under review.

Blockchain.com claims over 92 million wallets, 37 million verified users, and $1 trillion+ in total transaction volume globally.

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