Blockchain.com Launches In Ghana After Reporting 700% Transaction Growth In Nigeria

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."