Blockchaincom Expands to Ghana After 700 Percent Nigeria Trading Surge
Blockchain.com is expanding its operations into Ghana, marking its second entry into an African market. The move follows a significant surge in trading activity in Nigeria, where the platform reported a 700% increase in brokerage transaction volume over the past year. The most popular assets traded on the Nigerian platform were Bitcoin, USDT, and Tron.
Ahead of its official launch in Ghana, Blockchain.com observed a 140% rise in active users and an 80% increase in transaction volume over the past year. The company has already established local compliance representation and is engaging with Ghanaian regulators to help develop a regulatory framework for the crypto market. Additionally, Blockchain.com is hiring local teams to support operations, partnerships, and compliance as it builds out its regional infrastructure.
Mobile payment integration is a key priority for the Ghana rollout, as mobile money is widely used across the country. The company aims to connect with this ecosystem as part of its local strategy. Blockchain.com operates in over 70 jurisdictions globally and has plans to continue expanding across Africa beyond Ghana.
Sub-Saharan Africa received over $205 billion in on-chain crypto value between July 2024 and June 2025, representing a 52% year-on-year increase, according to Chainalysis. Nigeria leads the region in crypto activity, with more than $92 billion in transactions during that period. South Africa, Ethiopia, Kenya, and Ghana are the next largest markets. Analysts attribute the demand to cross-border remittances, currency volatility, and a large mobile-first population.
Former UN under-secretary-general Vera Songwe noted that stablecoins are increasingly used for remittances in the region, offering lower costs and faster settlement times compared to traditional methods. Persistent inflation and limited access to banking services are also driving the adoption of digital dollar alternatives across the continent. Africa Bitcoin Corporation executive chairman Stafford Masie highlighted that Bitcoin is used as day-to-day spending money in some African communities, with merchants accepting payments in satoshis rather than fiat.