UK-based crypto services platform Blockchain.com is deepening its commitment to Africa by opening a physical office in Nigeria and expanding into Ghana, Kenya, and South Africa. The move, set for execution in the second quarter of 2025, follows growing regulatory clarity in key African markets. The announcement signals a bold step by the company to establish a firm foothold on the continent amid intensifying global interest in African crypto adoption.
Pioneering Move in Nigeria’s Evolving Crypto Landscape
The planned Nigeria office will make Blockchain.com the first foreign crypto firm to open a brick-and-mortar presence in the country. Nigeria has recently advanced its crypto regulation efforts, prompting Blockchain.com to prioritize applying for a local exchange license. Owenize Odia, general manager for the company’s Africa operations, noted that Nigeria’s evolving regulatory framework is a major driver behind the company’s decision.
Regulatory Developments Drive Market Confidence
Nigeria’s March 2025 Investments and Securities Act granted the country’s Securities and Exchange Commission (SEC) explicit authority to regulate digital assets. Under this law, foreign crypto companies are now required to secure a license to operate within the country—a process Blockchain.com intends to pursue. This legislative clarity is expected to attract more investment and innovation by providing a more predictable environment for crypto businesses.
Africa's Rising Role in the Global Crypto Market
Africa’s crypto market is projected to generate over $2.9 billion in revenue this year, underscoring the region's growing importance to the global crypto economy. Blockchain.com has not disclosed user figures in Africa but identifies Nigeria as one of its fastest-growing markets. Globally, the platform boasts more than 37 million verified users, highlighting its strong international footprint.
Competitive Momentum Among Foreign Entrants
The move by Blockchain.com comes amid increasing activity by other global crypto firms on the continent. Notably, U.S.-based Coinbase has been expanding its African operations, and Norwegian tech firm Opera recently launched an iOS version of its stablecoin wallet app, MiniPay, to grow its user base in Africa. These developments are pushing African regulators to fast-track the establishment of consistent and transparent digital asset policies.
Pan-African Strategy Anchored by Local Engagement
Beyond Nigeria, Blockchain.com’s expansion plans include entry into Ghana, Kenya, and South Africa—markets that are also making strides in regulating digital assets. South Africa already mandates licenses for crypto platforms, while Ghana and Kenya are in the process of formalizing their own regulatory frameworks. This broader African strategy reflects Blockchain.com’s ambition to be a long-term player on the continent, not merely a remote service provider.
A Signal of Long-Term Commitment
Establishing a physical presence and investing in local talent and infrastructure marks a significant shift in how foreign crypto firms engage with African markets. Blockchain.com’s strategic investment in Nigeria is not just a business decision—it also serves as a signal of intent to participate actively in Africa’s digital financial future. As more international firms enter the space, such visible commitments could elevate expectations for corporate accountability and partnership with African stakeholders.
Blockchain.com’s Africa expansion represents a confluence of opportunity, regulation, and market momentum. With Nigeria at the forefront, the company's entry could influence how other foreign firms approach compliance and collaboration on the continent. As digital assets become more entrenched in African financial systems, Blockchain.com's proactive approach may help shape the next phase of crypto innovation across the region.