Blockchain.com enters Nigeria with a physical office, reflecting Africa’s maturing crypto regulation and rising demand across key markets.
Blockchain.com, the UK-based cryptocurrency exchange, is launching a physical office in Nigeria in Q2 2025, marking a major milestone in its African expansion strategy. According to Bloomberg, Nigeria is the company’s fastest-growing market in West Africa, with operations also planned in Ghana, Kenya, and South Africa.
“Nigeria has taken meaningful steps toward creating a clear framework for crypto,” said Owenize Odia, Blockchain.com’s General Manager for Africa.
Why Nigeria?
1. Nigeria recently enacted new securities laws for digital assets.
2. Its youthful population and currency volatility fuel high crypto adoption.
3. The exchange is actively applying for a license to operate under the new regime.
Regional Landscape
Ghana plans to regulate crypto platforms by September 2025, with draft guidelines already released.
Kenya remains in the research stage.
South Africa leads the pack, having approved 59 crypto platform licenses by March 2024, with 260+ applications still under review.
“South Africa has the clearest crypto rules on the continent,” said Ben Caselin, CMO of Johannesburg-based VALR.
Key Takeaways
1. Blockchain.com is entering Nigeria with optimism fueled by regulatory clarity.
2. Africa is becoming a strategic battleground for crypto exchanges due to high adoption and evolving laws.
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