Blockchain.com Eyes Africa Expansion As Crypto Rules Become Clearer

Blockchain.com, a global crypto platform, plans to expand its operations to Africa. This comes as some countries on the continents begin to explore clear rules for digital assets. With more government support, Africa could become a major part of the global crypto world. Blockchain is positioning itself to benefit from this shift. 

Nigeria to Lead The Blockchain.com Expansion Strategy

Blockchain.com has set its sights on Nigeria as its key market in West Africa. According to Owenize Odia, the company’s general manager for Africa, Nigeria is Blockchain.com’s fastest-growing market. 

In a recent interview, Odia said Nigeria has made strong progress in shaping a clear set of rules for the crypto industry. He also revealed that Blockchain.com plans to open a physical office in Lagos in the second quarter of 2025. 

This move comes after Nigeria introduced a new investment law that allows crypto exchanges to apply for licenses. This law shows the government’s growing interest in supporting the crypto space and allowing it to contribute to the economy.

Ghana and Kenya Follow in Nigeria’s Footsteps

While Nigeria leads the way, other African countries are also making moves to regulate crypto. Odia said that Ghana’s central bank has published draft guidelines that could lead to full regulation by September 2025. These steps suggest Ghana may soon allow crypto companies to operate under official licenses.

Kenya is also studying how to manage the crypto sector. Although its progress is slower than that of Nigeria and Ghana, its government is conducting research that shows growing interest in building a safe and open digital finance system.

South Africa Drives Growth Through DeFi

South Africa is currently at the forefront of the continent’s crypto transformation. It has been leading in developing the decentralized finance (DeFi) space. A report from the Financial Sector Conduct Authority (FSCA) shows that DeFi markets in South Africa are expanding quickly.

Today, the country has over $27 million in total value locked (TVL) in DeFi services, which is expected to grow to $180 million by 2028. The top areas of DeFi use in South Africa include payments, lending and borrowing, and decentralized exchanges.

Blockchain.com wants to be part of the growth as more African countries create better rules.