Blockchain.com has officially expanded its operations into Ghana as part of its strategy to strengthen its presence across Africa, following significant growth in Nigeria where it achieved over 700% growth in brokerage transaction volume after launching in Lagos. The company noted a 140% increase in active users and an 80% rise in transaction volume from Ghana in the past year, showing strong organic growth. This move comes as Ghana has recently passed a law legalizing Bitcoin and cryptocurrencies, facilitating broader adoption in the region. Blockchain.com has plans for further expansion into other African markets like Kenya and South Africa, capitalizing on emerging digital asset opportunities.
Owen Odia: Owen Odia is the General Manager of Africa at Blockchain.com, overseeing regional growth and operations. He has highlighted the potential for digital assets in Africa amid expansions like the new Ghana launch. Odia emphasizes building local infrastructure and region-specific products to support financial access.
Blockchain.com: Blockchain.com is a cryptocurrency platform that provides brokerage, custody, and institutional-grade services for digital assets. It recently secured registration with the UK Financial Conduct Authority to offer regulated crypto operations in the UK. The expansion to Ghana marks its latest push into Africa, following strong organic growth from the region and a prior launch in Nigeria.
`json
{
“UK Regulation”: “Blockchain.com obtained FCA registration to deliver brokerage, custodial, and institutional crypto services in the UK.”,
“African Momentum”: “Blockchain.com plans further expansions across African markets like Kenya and South Africa alongside regulatory developments.”
}
`
Source: TheBlockCo
