Crypto brokerage firm Blockchain.com is increasing into Ghana as a part of a broader push to develop its presence throughout Africa, following speedy person development in Nigeria over the previous yr.
The corporate stated it plans to supply Ghanaian customers entry to its buying and selling platform because it builds out regional infrastructure and explores further African markets.
The growth follows robust development in Nigeria, the place the corporate launched retail operations final yr and reported greater than a 700% improve in brokerage transaction quantity. In line with the corporate, probably the most traded belongings on its platform within the nation have been Bitcoin (BTC), Tether (USDT) and Tron (TRX).
The corporate said Ghana has additionally seen rising exercise on its platform forward of the formal launch, with lively customers rising 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 stated.
The corporate stated increasing native cost infrastructure shall be necessary because it enters the Ghanaian market. “Given how broadly used cellular cash is in Ghana, integration with the cellular cash ecosystem is a key focus,” the spokesperson instructed Cointelegraph.
Blockchain.com stated it’s constructing native groups to help 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 further African markets as a part of its long-term development technique.
Knowledge from Chainalysis reveals Nigeria persistently ranks among the many world’s main nations for grassroots crypto adoption, with exercise pushed by remittances, forex volatility and a big mobile-first person base.
Based in 2011 and headquartered in London, Blockchain.com is a cryptocurrency platform that gives buying and selling providers, digital asset wallets and different crypto infrastructure to customers worldwide.
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Crypto adoption grows throughout Sub-Saharan Africa
Crypto use has grown rapidly throughout Sub-Saharan Africa lately. The area acquired 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, in line with a September report from Chainalysis.
Nigeria dominates crypto exercise, receiving greater than $92 billion in the course of the interval. South Africa, Ethiopia, Kenya and Ghana rank among the many subsequent largest markets. Analysts say demand is commonly pushed by cross-border funds, remittances and efforts to hedge in opposition to forex volatility.
Talking on the World Financial Discussion board Annual Assembly in Davos in January, former UN under-secretary-general Vera Songwe stated stablecoins are more and more used for remittances and cross-border funds. She stated conventional cash transfers usually value about $6 for each $100 despatched, whereas stablecoins can cut back charges and settle transactions in minutes.
Songwe added that persistent inflation in a number of African economies and restricted entry to banking providers are additionally pushing extra customers in direction of digital greenback alternate options.
Earlier this month, the manager chairman of Africa Bitcoin Company Stafford Masie stated that Bitcoin features as on a regular basis cash in some African communities somewhat than primarily as a retailer of worth. Talking on the Coin Tales podcast with Natalie Brunell, Masie stated 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, in line with knowledge from funds infrastructure firm Borderless.xyz.
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