Crypto brokerage firm Blockchain.com is increasing into Ghana as a part of a broader push to develop its presence throughout Africa, following fast consumer progress in Nigeria over the previous yr.
The corporate mentioned it plans to supply Ghanaian customers entry to its buying and selling platform because it builds out regional infrastructure and explores extra African markets.
The growth follows robust progress in Nigeria, the place the corporate launched retail operations final yr and reported greater than a 700% improve in brokerage transaction quantity. In response to the corporate, essentially the most traded belongings on its platform within the nation have been Bitcoin (BTC), Tether (USDT) and Tron (TRX).
The corporate mentioned Ghana has additionally seen rising exercise on its platform forward of the formal launch, with lively customers growing 140% over the previous yr and transaction volumes climbing 80%.
“We’re actively collaborating with Ghanaian officers and regulators to assist construct a regulatory framework and have already established native compliance illustration in Ghana,” a Blockchain.com spokesperson mentioned.
The corporate mentioned increasing native cost infrastructure shall be necessary because it enters the Ghanaian market. “Given how broadly used cell cash is in Ghana, integration with the cell cash ecosystem is a key focus,” the spokesperson informed Cointelegraph.
Blockchain.com mentioned it’s constructing native groups to assist operations, partnerships and regulatory engagement because it expands throughout the area. The corporate already operates in additional than 70 jurisdictions worldwide and plans to enter extra African markets as a part of its long-term progress technique.
Knowledge from Chainalysis reveals Nigeria persistently ranks among the many world’s main nations for grassroots crypto adoption, with exercise pushed by remittances, foreign money volatility and a big mobile-first consumer base.
Based in 2011 and headquartered in London, Blockchain.com is a cryptocurrency platform that provides buying and selling companies, digital asset wallets and different crypto infrastructure to customers worldwide.
Associated: Uganda opposition chief promotes Bitchat amid fears of web blackout
Crypto adoption grows throughout Sub-Saharan Africa
Crypto use has grown shortly throughout Sub-Saharan Africa lately. The area obtained greater than $205 billion in onchain crypto worth between July 2024 and June 2025, a 52% improve from the earlier yr, making it the third-fastest-growing crypto market globally, based on a September report from Chainalysis.
Nigeria dominates crypto exercise, receiving greater than $92 billion through the interval. South Africa, Ethiopia, Kenya and Ghana rank among the many subsequent largest markets. Analysts say demand is usually pushed by cross-border funds, remittances and efforts to hedge towards foreign money volatility.
Talking on the World Financial Discussion board Annual Assembly in Davos in January, former UN under-secretary-general Vera Songwe mentioned stablecoins are more and more used for remittances and cross-border funds. She mentioned conventional cash transfers typically price about $6 for each $100 despatched, whereas stablecoins can scale back charges and settle transactions in minutes.
Songwe added that persistent inflation in a number of African economies and restricted entry to banking companies are additionally pushing extra customers towards digital greenback alternate options.
Earlier this month, the chief chairman of Africa Bitcoin Company Stafford Masie mentioned that Bitcoin capabilities as on a regular basis cash in some African communities quite than primarily as a retailer of worth. Talking on the Coin Tales podcast with Natalie Brunell, Masie mentioned some retailers in native round economies settle for funds in satoshis as a substitute of fiat currencies.
In the meantime, Africa recorded the best median stablecoin-to-fiat conversion spreads amongst tracked areas in February, based on knowledge from funds infrastructure firm Borderless.xyz.
Journal: The talk over Bitcoin’s four-year cycle is over: Benjamin Cowen
