Crypto brokerage firm Blockchain.com is increasing into Ghana as a part of a broader push to develop its presence throughout Africa, following speedy person progress in Nigeria over the previous 12 months.
The corporate mentioned it plans to supply Ghanaian customers entry to its buying and selling platform because it builds out regional infrastructure and explores further African markets.
The enlargement follows sturdy progress in Nigeria, the place the corporate launched retail operations final 12 months and reported greater than a 700% enhance in brokerage transaction quantity. In response to the corporate, probably the most traded belongings on its platform within the nation have been Bitcoin (BTC), Tether (USDT) and Tron (TRX).
The corporate mentioned Ghana has additionally seen rising exercise on its platform forward of the formal launch, with energetic customers growing 140% over the previous 12 months and transaction volumes climbing 80%.
“We’re actively collaborating with Ghanaian officers and regulators to assist construct a regulatory framework and have already established native compliance illustration in Ghana,” a Blockchain.com spokesperson mentioned.
The corporate mentioned increasing native cost infrastructure shall be essential because it enters the Ghanaian market. “Given how broadly used cell cash is in Ghana, integration with the cell cash ecosystem is a key focus,” the spokesperson informed Cointelegraph.
Blockchain.com mentioned it’s constructing native groups to help operations, partnerships and regulatory engagement because it expands throughout the area. The corporate already operates in additional than 70 jurisdictions worldwide and plans to enter further African markets as a part of its long-term progress technique.
Knowledge from Chainalysis reveals Nigeria constantly ranks among the many world’s main international locations for grassroots crypto adoption, with exercise pushed by remittances, foreign money volatility and a big mobile-first person base.
Based in 2011 and headquartered in London, Blockchain.com is a cryptocurrency platform that gives buying and selling providers, digital asset wallets and different crypto infrastructure to customers worldwide.
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Crypto adoption grows throughout Sub-Saharan Africa
Crypto use has grown shortly throughout Sub-Saharan Africa lately. The area acquired greater than $205 billion in onchain crypto worth between July 2024 and June 2025, a 52% enhance from the earlier 12 months, making it the third-fastest-growing crypto market globally, in accordance with a September report from Chainalysis.
Nigeria dominates crypto exercise, receiving greater than $92 billion throughout the interval. South Africa, Ethiopia, Kenya and Ghana rank among the many subsequent largest markets. Analysts say demand is usually pushed by cross-border funds, remittances and efforts to hedge in opposition to foreign money volatility.
Talking on the World Financial Discussion board Annual Assembly in Davos in January, former UN under-secretary-general Vera Songwe mentioned stablecoins are more and more used for remittances and cross-border funds. She mentioned conventional cash transfers typically price about $6 for each $100 despatched, whereas stablecoins can scale back charges and settle transactions in minutes.
Songwe added that persistent inflation in a number of African economies and restricted entry to banking providers are additionally pushing extra customers towards digital greenback options.
Earlier this month, the chief chairman of Africa Bitcoin Company Stafford Masie mentioned that Bitcoin features as on a regular basis cash in some African communities relatively than primarily as a retailer of worth. Talking on the Coin Tales podcast with Natalie Brunell, Masie mentioned some retailers in native round economies settle for funds in satoshis as an alternative of fiat currencies.
In the meantime, Africa recorded the very best median stablecoin-to-fiat conversion spreads amongst tracked areas in February, in accordance with knowledge from funds infrastructure firm Borderless.xyz.
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