Blockchain.com Expands in Africa: New Offices Open in Nigeria & Ghana

Blockchain.com has launched its expansion into Africa, opening offices in Nigeria and Ghana. The move follows regulatory progress in these countries, which encourages crypto firms to operate officially. Owenize Odia, responsible for the initiative, aims to capitalize on the continent’s growing interest in cryptocurrency. This expansion is expected to boost trading volume for Bitcoin and Ethereum. The company’s decision aligns with a positive consumer sentiment in Africa, where younger generations are increasingly embracing digital currencies for financial protection and remittances. Blockchain.com’s entry could significantly impact the African crypto market, leading to increased demand for stablecoins as financial hedges. The timing of this expansion coincides with similar moves by competitors like Coinbase, demonstrating increased interest from global players. Experts predict substantial growth in user numbers and transaction volumes across Africa, driven by ongoing regulatory advancements.