Share this article
Blockchain.com to Expand Across Africa as Crypto Regulation Begins to Take Shape
The firm is expanding its presence in the continent as it begins to develop clearer regulations around cryptocurrency.
May 27, 2025, 12:29 p.m.
What to know:
- Blockchain.com is expanding its operations into several African countries, including Ghana, Kenya, and South Africa,
- The firm plans on opening a physical office in Nigeria, which it says is its fastest-growing market in West Africa.
- Nigeria has recently passed a new investment and securities law that includes provisions for licensing and regulating cryptocurrency exchanges.
Blockchain.com, a cryptocurrency exchange and wallet provider, is expanding into parts of Africa where crypto regulation is beginning to solidify.
The company is focusing on Ghana, Kenya, and South Africa, and plans to open a physical office in Nigeria this quarter, citing it as its fastest-growing market in West Africa, Bloomberg reports.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Nigeria recently passed a new investment and securities law, which includes provisions for licensing and regulating cryptocurrency exchanges.
“Nigeria has taken meaningful steps toward creating a clear framework for crypto,” said Owenize Odia, Blockchain.com’s general manager for Africa. “Applying for a crypto-exchange license in Nigeria is a top priority.”
Other countries are also laying the groundwork. The Bank of Ghana released draft guidelines last year . Kenya, meanwhile, is still in the research phase to further understand the asset class.
The move comes after earlier this year Blockchain.com took a new step towards a potential initial public offering (IPO) through new executive appointments.
That comes as Circle Internet group, the firm behind the USDC stablecoin, filed for an IPO on the New York Stock Exchange as an increasing number of crypto firms look to go public.
Більше для вас
Що варто знати:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
