Cryptocurrency brokerage firm Blockchain.com is expanding into Ghana as part of a broader effort to expand its presence across Africa, following rapid user growth in Nigeria over the past year.
The company said it plans to offer users in Ghana access to its trading platform as it builds regional infrastructure and opens up additional African markets.
The expansion follows significant growth in Nigeria, where the company launched its retail operations last year and has reported brokerage volume growth of more than 700%. According to the company, the most traded assets on its platform in Japan are Bitcoin (BTC), Tether (USDT), and Tron (TRX).
The company said it has seen increased activity on its platform in Ghana ahead of its official launch, with active users increasing by 140% and transaction volume increasing by 80% over the past year.
A Blockchain.com spokesperson said: “We are actively working with Ghanaian authorities and regulators to help develop the regulatory framework and have already established a local compliance representative in Ghana.”
The company said expanding local payments infrastructure will be key when entering the Ghanaian market. “Given how widely used mobile money is in Ghana, integration with the mobile money ecosystem is a key focus,” a spokesperson told Cointelegraph.
Blockchain.com said it is building local teams to support operations, partnerships and regulatory efforts as it expands across the region. The company already operates in more than 70 jurisdictions around the world and plans to enter further African markets as part of its long-term growth strategy.
Chainalysis data shows that Nigeria consistently ranks among the world’s leading countries in grassroots cryptocurrency adoption, with activity driven by remittances, currency volatility, and a large mobile-first user base.
Founded in 2011 and headquartered in London, Blockchain.com is a cryptocurrency platform that provides trading services, digital asset wallets, and other crypto infrastructure to users around the world.
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Cryptocurrency adoption grows across sub-Saharan Africa
In recent years, the use of cryptocurrencies has rapidly increased across sub-Saharan Africa. According to Chainalysis’ September report, the region received over $205 billion in on-chain crypto value between July 2024 and June 2025, an increase of 52% year-on-year, making it the third fastest-growing crypto market in the world.
Nigeria dominates cryptocurrency activity, receiving over $92 billion during this period. The next largest markets include South Africa, Ethiopia, Kenya and Ghana. Analysts say demand is often driven by cross-border payments and remittances and efforts to hedge against currency fluctuations.
Speaking at the World Economic Forum Annual Meeting in Davos in January, former UN Under-Secretary-General Bella Songwe said stablecoins are increasingly being used for remittances and cross-border payments. He said traditional money transfers often cost around $6 for every $100 transferred, but stablecoins can reduce fees and settle transactions in minutes.
Songwe added that with continued inflation in several African economies and limited access to banking services, more users are turning to digital dollar alternatives.
Earlier this month, Stafford Massie, executive chairman of the Africa Bitcoin Corporation, said that in some communities in Africa, Bitcoin primarily functions as everyday money rather than a store of value. Speaking on the “Coin Stories” podcast with Nathalie Brunel, Massier said that some local circular economy merchants accept payments in Satoshi rather than fiat currency.
Meanwhile, Africa had the highest median stablecoin-to-fiat conversion spread among the regions surveyed in February, according to data from payments infrastructure company Borderless.xyz.
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