Crypto: Blockchain.com Expands Into Ghana After 700% Trading Growth In Nigeria
The crypto brokerage said increasing demand across West Africa is driving its expansion as user activity grows across the Sub-Saharan region. Crypto brokerage company Blockchain.com is expanding into Ghana as part of a broader push to grow its presence across Africa, following rapid user growth in Nigeria over the past year. The company said it plans to offer Ghanaian users access to its trading platform as it builds out regional infrastructure and explores additional African markets. The expansion follows strong growth in Nigeria, where the company launched retail operations last year and reported more than a 700% increase in brokerage transaction volume. According to the company, the most traded assets on its platform in the country have been Bitcoin (BTC), Tether (USDT) and Tron (TRX). The company said Ghana has also seen rising activity on its platform ahead of the formal launch, with active users increasing 140% over the past year and transaction volumes climbing 80%. “We are actively collaborating with Ghanaian officials and regulators to help build a regulatory framework and have already established local compliance representation in Ghana,” a Blockchain.com spokesperson said. The company said expanding local payment infrastructure will be important as it enters the Ghanaian market. “Given how widely used mobile money is in Ghana, integration with the mobile money ecosystem is a key focus,” the spokesperson told Cointelegraph. Blockchain.com said it is building local teams to support operations, partnerships and regulatory engagement as it expands across the region. The company already operates in more than 70 jurisdictions worldwide and plans to enter additional African markets as part of its long-term growth strategy. Data from Chainalysis shows Nigeria consistently ranks among the world’s leading countries for grassroots crypto 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 offers trading services, digital asset wallets and other crypto infrastructure to users worldwide.
Source: CoinTelegraph