Blockchain.com Expands into Ghana with 700% Transaction Growth in Nigeria

Blockchain.com has launched its brokerage operations in Ghana, citing over 700% growth in transaction volume in Nigeria since it began retail services there early last year.

The London-headquartered firm, which operates across more than 70 jurisdictions, reported that active users from Ghana increased 140% over the past year, and transaction volumes rose 80% on its platform before the formal launch.

The company 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 priority due to widespread use of mobile payment systems across the country.

Owen Odia, general manager for Africa at Blockchain.com, stated that Nigeria's performance over the past year demonstrated 'immense potential for digital assets across the African region.'