Blockchain.com Expands Footprint in Africa as Regulatory Clarity Emerges
As cryptocurrency regulations begin to take shape across Africa, Blockchain.com is broadening its presence on the continent.
Focusing on markets including Ghana, Kenya, and South Africa, the company is preparing to open a physical office in Nigeria this quarter—its fastest-growing market in West Africa, Bloomberg reports.
Nigeria’s newly enacted investment and securities law now includes clear provisions for licensing crypto exchanges, providing a regulatory framework that encourages Blockchain.com’s expansion plans.
“Nigeria is leading the way with meaningful regulatory steps,” said Owenize Odia, Blockchain.com’s general manager for Africa. “Obtaining a crypto exchange license there is a major priority.”
Other countries are also progressing: Ghana released draft crypto guidelines last year, while Kenya continues research into the sector’s regulatory needs.
This expansion move coincides with Blockchain.com’s recent executive hires as it positions itself for a potential IPO. Meanwhile, other crypto companies, such as Circle Internet Group with its USDC stablecoin, have filed to go public, reflecting growing institutional interest in the space.
