Blockchain.com expands into Ghana after 700% transaction surge in Nigeria

Blockchain.com has today announced the opening of operations in Ghana as it seeks to scale its presence across Africa, following a year of dramatic growth in Nigeria. The move signals an intensification of the company’s push into markets where there’s regulatory clarity and stronger crypto use cases.

The firm said brokerage transaction volumes in Nigeria rose more than 700% in the year since it launched retail services there. That growth prompted Blockchain.com to establish an operational base in Lagos, hire local staff and prioritise market-specific services. The most traded assets on the platform in Nigeria were USDT, BTC and TRX.

Ghanaian demand had been building even before the formal launch. Blockchain.com reports a more than 140% increase in active users from Ghana and an 80% rise in transaction volumes ahead of the market opening. The company framed those moves as evidence of organic traction for regulated, compliant digital-asset tools in the country.

“Our growth in Nigeria over the past year has demonstrated the immense potential for digital assets across the African region,” Owen Odia, General Manager, Africa at Blockchain.com, explains. “Africa represents our mission in making financial services available to everyone globally. We are building for a long-term future by building new infrastructure, investing in local talent, and developing region-specific products tailored to the needs of the region.”

The expansion comes against a backdrop of widespread retail adoption across parts of Africa. Chainalysis’ Global Crypto Adoption Index has repeatedly highlighted Nigeria as one of the world’s leading markets for grassroots crypto activity. That adoption has been fuelled by currency volatility, remittance demand and a fast-growing, mobile-first population, factors that observers say create a natural use case for stablecoins and other digital assets.

Blockchain.com positions stablecoins and crypto more broadly as tools that can improve cross-border settlement and reduce the cost of remittances, particularly within West Africa’s growing digital commerce ecosystems. The company says it will maintain local teams to support operations, partnerships and regulatory engagement as it expands.

Blockchain.com adds Ghana to its over 70 markets

The London-headquartered crypto company already operates in more than 70 jurisdictions. Since 2011, it has reported creating over 90 million wallets, verifying more than 40 million users, and processing in excess of $1.2 trillion in cryptocurrency transactions. Those figures underline the scale of the company’s existing global footprint as it seeks to deepen its regional presence.

Industry observers say the arrival of large brokerages in countries such as Ghana and Nigeria brings both opportunities and challenges. On the positive side, established platforms can offer compliance, consumer protections and product sophistication that smaller, informal channels often lack. They can also channel institutional liquidity into local markets and build infrastructure that integrates with traditional finance.

At the same time, the regulatory environment across Africa remains unsettled and varies widely by country. Ghana’s central bank and securities regulator have signalled caution in the past, while Nigeria has swung between restrictive measures and more permissive stances as authorities look to balance innovation with financial stability.

Blockchain.com says regulatory engagement is a core part of its approach. Its decision to place staff on the ground, the company adds, is intended to support local partnerships and work with regulators to craft suitable frameworks.

For users and policymakers, the practical effects to watch will be changes in remittance costs, cross-border settlement speed and on-ramps for small businesses to accept digital payments. If the early growth seen in Nigeria replicates in Ghana and beyond, it may accelerate experimentation with stablecoins and other digital-asset solutions across West Africa.

The company’s Ghana launch is the latest sign that major crypto firms view Africa as a strategic growth region. Whether that promise delivers broad financial inclusion or raises fresh regulatory questions will depend on how businesses, customers and authorities navigate the fast-evolving market.

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