Hassan Maishera
TL;DR
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Crypto brokerage firm Blockchain.com said it is expanding into Ghana.
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The expansion comes as the firm recorded a 700% growth in brokerage transaction volume in Nigeria since launching there last year.
Blockchain.com Expands Presence to Ghana
Cryptocurrency brokerage firm Blockchain.com has announced its official expansion into Ghana. This latest development comes as the firm deepens its presence across Africa following strong performance in Nigeria.
The firm launched its retail branch in Nigeria last year, with its base in Lagos. The company recorded over 700% growth in brokerage transaction volume in Nigeria following its official launch.
The most traded assets in Nigeria were USDT, BTC, and TRX, according to a press release.
While commenting on the expansion, Owen Odia, general manager of Africa at Blockchain.com, stated that,
"Our growth in Nigeria over the past year has demonstrated the immense potential for digital assets across the African region. Africa represents our mission to make financial services available to everyone globally. We are building for a long-term future by developing new infrastructure, investing in local talent, and creating region-specific products tailored to local needs."
Blockchain.com also cited significant organic growth in Ghana before the formal launch. In the last 12 months, the platform recorded a 140% increase in active users from Ghana and an 80% rise in transaction volume.
The firm added that it intends to scale to additional African markets in the coming periods, citing opportunities in stablecoins and digital assets that can improve cross-border settlement efficiency, reduce remittance costs, and support emerging digital commerce ecosystems across West Africa.
Blockchain.com's expansion in Africa is part of the firm's growing global presence. Last month, the firm secured registration from the Financial Conduct Authority (FCA), which enabled it to deliver brokerage, custodial, and institutional-grade crypto services in the UK.
The firm also secured its EU MiCA license last year and is currently planning to go public in the U.S. this year.
