Blockchain.com on March 9 [launched] brokerage operations in Ghana, citing over 700% growth in transaction volume in Nigeria since the company began retail services there early last year.
The London-headquartered firm, founded in 2011, now operates across more than 70 jurisdictions and has stated plans to continue expanding into additional African markets.
All growth figures cited are self-reported by the company and have not been independently audited.
Ghana already showed organic demand before the formal launch, according to Blockchain.com: active users from the country increased 140% over the past year, and transaction volumes rose 80% on its platform.
The most-traded assets in Nigeria were USDT, Bitcoin (BTC), and TRX.
What Happened
Blockchain.com said it has established local compliance representation in Ghana and is in discussions with regulators to help develop a domestic cryptocurrency framework. Mobile money integration is a stated priority, given the widespread use of mobile payment systems across the country.
The company has also built an operational base in Lagos to support its Nigerian business and plans to replicate that model in Ghana.
Owen Odia, general manager for Africa at Blockchain.com, said in the announcement that Nigeria's performance over the past year demonstrated "immense potential for digital assets across the African region."
The company said it is hiring local teams for operations, partnerships, and regulatory engagement in Ghana.
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Why It Matters
The move is consistent with broader data on cryptocurrency adoption in Sub-Saharan Africa. The region received more than $205 billion in on-chain cryptocurrency value between July 2024 and June 2025, a 52% increase from the prior year and the third-fastest growth rate globally, according to Chainalysis's September 2025 report.
Nigeria alone accounted for more than $92 billion of that total; Ghana ranks among the next largest markets alongside South Africa, Ethiopia, and Kenya.
Analysts attribute adoption in the region to remittance demand, persistent currency volatility, and large mobile-first populations with limited access to traditional banking.
Stablecoin-to-fiat conversion spreads in Africa remained the highest globally among tracked regions in February, according to payments infrastructure firm Borderless.xyz, reflecting both demand intensity and the cost of existing infrastructure gaps that regulated platforms like Blockchain.com are attempting to address.
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