Blockchain.com to Expand Across Africa Amid Regulatory Clarity
TLDR
- Blockchain.com, a UK-based cryptocurrency platform, plans to open a physical office in Nigeria by Q2 2025 and expand operations into Ghana, Kenya, and South Africa
- The expansion makes Blockchain.com the first foreign crypto firm to establish a physical presence in Nigeria
- The company’s push comes as global players like Coinbase and Opera’s MiniPay wallet intensify their African footprint
Blockchain.com, a UK-based cryptocurrency platform, plans to open a physical office in Nigeria by Q2 2025 and expand operations into Ghana, Kenya, and South Africa, marking a major move into Africa’s fast-growing digital asset markets.
The expansion makes Blockchain.com the first foreign crypto firm to establish a physical presence in Nigeria, where the company is preparing to apply for a crypto exchange licence under the country’s new Investments and Securities Act passed in March 2025. The law grants the Nigerian SEC authority to regulate digital assets as securities.
“Nigeria has taken meaningful steps toward creating a clear framework for crypto,” said Owenize Odia, General Manager for Africa at Blockchain.com. “Applying for a crypto exchange licence in Nigeria is a top priority.” The company’s push comes as global players like Coinbase and Opera’s MiniPay wallet intensify their African footprint, prompting regulators to accelerate crypto policy development across the continent.
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Key Takeaways
Blockchain.com’s expansion reflects a growing confidence in Africa’s regulatory environment and signals the continent’s emergence as a priority growth region for global crypto platforms. With Africa’s crypto revenue projected to exceed $2.9 billion in 2025, regulatory progress in markets like Nigeria, South Africa, Kenya, and Ghana is laying the groundwork for institutional adoption and foreign investment. Nigeria, Africa’s largest crypto market by transaction volume, is leading this shift with a licensing regime that could formalise the digital asset economy. Blockchain.com’s move may catalyse a wave of foreign exchange licence applications and put pressure on regulators to harmonise standards across borders. As licensing regimes gain traction and consumer demand for secure, regulated crypto platforms grows, Africa could emerge as a major frontier for the next phase of global crypto adoption.
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