Blockchain.com Expands into Africa with Nigeria Office by 2025

Blockchain.com, a British-based crypto exchange, is making significant strides into the African market, with a particular focus on countries that are actively developing their cryptocurrency regulations. The company plans to open a physical office in Nigeria by the second quarter of 2025, leveraging the supportive regulatory environment in Nigeria, Ghana, Kenya, and South Africa. This move is driven by the rising interest in cryptocurrency across the continent and the need for compliant and secure trading platforms.

Nigeria, with its rapidly expanding crypto market, is at the forefront of Blockchain.com’s African expansion. The country’s young, tech-savvy population and the challenges posed by the depreciating local currency have led to a surge in cryptocurrency usage. The new office in Nigeria will serve as a hub for the company’s activities in West Africa, aiming to capitalize on the region’s growth potential. Blockchain.com is also seeking authorization under Nigeria’s recently enacted securities legislation, which now includes digital assets, to obtain a crypto exchange license.

Beyond Nigeria, Blockchain.com is targeting Ghana, Kenya, and South Africa for expansion. Ghana’s central bank is drafting laws for cryptocurrency platforms, with plans to release them by September 2025. Kenya is actively studying regulations for crypto businesses, while South Africa already has established crypto rules. These regulatory developments provide a stable environment for Blockchain.com to expand its services, ensuring compliance and security for local users.

The company’s focus on compliance sets it apart in a region where unclear regulations have hindered crypto adoption. By partnering with local entities and adhering to national policies, Blockchain.com aims to provide seamless and secure services. This strategy positions the company to compete with global exchanges entering the African market, offering a reliable platform for crypto users across the continent.

Blockchain.com’s entry into Africa is part of a broader trend of increasing crypto adoption worldwide. The exchange’s expansion into the continent underscores Africa’s potential as a major player in blockchain innovation. By leveraging new regulations, Blockchain.com is poised to lead Africa’s digital economy, fostering growth and development in the region.