Blockchain.com Expands into Africa as Crypto Regulation Evolves
- Blockchain.com plans physical expansion in Nigeria in Q2 2025.
- African nations like Ghana and Nigeria are introducing crypto-friendly regulations.
- South Africa’s DeFi sector is booming, with strong growth projections.
Africa is emerging as a strategic frontier for global crypto players, and Blockchain.com is positioning itself to capitalize on this shift. As some African nations begin to relax their stance and introduce regulations, crypto wallet and exchange platforms are making plans to expand in key markets such as Nigeria, Ghana, Kenya, and South Africa.
Owenize Odia, Blockchain.com’s general manager for Africa, shared with Bloomberg that Nigeria will play a central role in the company’s expansion. Not only is Nigeria Blockchain.com’s “fastest-growing market” in West Africa, but the country has also made noticeable progress in shaping a regulatory environment for digital assets.
“Nigeria has taken meaningful steps toward creating a clear framework for crypto,” Odia said, revealing plans to open a physical office in Lagos in Q2 2025.
Regulation is the New Catalyst
Most nations in African consider cryptocurrency a prohibited activity; however, many jurisdictions are currently reconsidering regulation approaches. The recent investment law in Nigeria, allowing licensing of crypto exchanges, could well be the turning point for the region. The legislation suggests that governments are increasingly willing to acknowledge the potential economic contribution of the crypto sector.
Ghana may soon follow Nigeria’s path. Odia confirmed that Ghana’s central bank has released draft guidelines signaling an intent to regulate cryptocurrencies by September 2025. Kenya, though not as far along, is also conducting studies on how to effectively govern the crypto sector.
Changing policies such as these indicate an upsurge of continental movement, wherein the governments try to strike a balance between permitting innovation and reducing risks.
South Africa: A DeFi Hotspot on the Rise
South Africa, at present, is driving the crypto evolution in Africa, especially in the DeFi arena. According to a recent report by FSCA, DeFi markets in the country are busy growing at a fast pace.
With a total value locked (TVL) surpassing $27 million and projections aiming for $180 million by 2028, South Africa’s crypto future appears especially promising. Most of DeFi usage in South Africa lies in the area of payments (50.2%), lending and borrowing (47.6%), and decentralized exchanges (33%).
Blockchain.com’s entry into the region follows this growth path, as it aims to provide localized services in nations which are actively adopting digital assets.
As Africa continues to redefine its relationship with cryptocurrency through forward-thinking regulation, Blockchain.com’s timing may turn out to be prescient. By establishing itself in nations such as Nigeria and venturing into markets such as Ghana and Kenya, the firm is placing big bets on Africa’s future in crypto, a wager that has the potential to redefine the continent’s position in the global crypto economy..
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Blockchain.com to Expand Across Africa as Crypto Regulation Begins to Take Shape
Blockchain.com Expands into Africa as Crypto Regulation Evolves
- Blockchain.com plans physical expansion in Nigeria in Q2 2025.
- African nations like Ghana and Nigeria are introducing crypto-friendly regulations.
- South Africa’s DeFi sector is booming, with strong growth projections.
Africa is emerging as a strategic frontier for global crypto players, and Blockchain.com is positioning itself to capitalize on this shift. As some African nations begin to relax their stance and introduce regulations, crypto wallet and exchange platforms are making plans to expand in key markets such as Nigeria, Ghana, Kenya, and South Africa.
Owenize Odia, Blockchain.com’s general manager for Africa, shared with Bloomberg that Nigeria will play a central role in the company’s expansion. Not only is Nigeria Blockchain.com’s “fastest-growing market” in West Africa, but the country has also made noticeable progress in shaping a regulatory environment for digital assets.
“Nigeria has taken meaningful steps toward creating a clear framework for crypto,” Odia said, revealing plans to open a physical office in Lagos in Q2 2025.
Regulation is the New Catalyst
Most nations in African consider cryptocurrency a prohibited activity; however, many jurisdictions are currently reconsidering regulation approaches. The recent investment law in Nigeria, allowing licensing of crypto exchanges, could well be the turning point for the region. The legislation suggests that governments are increasingly willing to acknowledge the potential economic contribution of the crypto sector.
Ghana may soon follow Nigeria’s path. Odia confirmed that Ghana’s central bank has released draft guidelines signaling an intent to regulate cryptocurrencies by September 2025. Kenya, though not as far along, is also conducting studies on how to effectively govern the crypto sector.
Changing policies such as these indicate an upsurge of continental movement, wherein the governments try to strike a balance between permitting innovation and reducing risks.
South Africa: A DeFi Hotspot on the Rise
South Africa, at present, is driving the crypto evolution in Africa, especially in the DeFi arena. According to a recent report by FSCA, DeFi markets in the country are busy growing at a fast pace.
With a total value locked (TVL) surpassing $27 million and projections aiming for $180 million by 2028, South Africa’s crypto future appears especially promising. Most of DeFi usage in South Africa lies in the area of payments (50.2%), lending and borrowing (47.6%), and decentralized exchanges (33%).
Blockchain.com’s entry into the region follows this growth path, as it aims to provide localized services in nations which are actively adopting digital assets.
As Africa continues to redefine its relationship with cryptocurrency through forward-thinking regulation, Blockchain.com’s timing may turn out to be prescient. By establishing itself in nations such as Nigeria and venturing into markets such as Ghana and Kenya, the firm is placing big bets on Africa’s future in crypto, a wager that has the potential to redefine the continent’s position in the global crypto economy..
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