Blockchain.com enters Ghanaian market following 700% surge in Nigerian transactions
Following explosive expansion in Nigeria, Blockchain.com is setting its sights on Ghana, capitalizing on the accelerating momentum of cryptocurrency acceptance and stablecoin utilization throughout Sub-Saharan Africa.
Digital currency brokerage platform Blockchain.com is making its entry into Ghana as it accelerates a wider initiative to strengthen its foothold throughout Africa, on the heels of exceptional user expansion in Nigeria throughout the previous year.
The platform announced intentions to provide Ghanaian customers with access to its exchange services while simultaneously developing regional operational capabilities and evaluating opportunities in other African territories.
This strategic move comes after impressive performance metrics in Nigeria, where the platform initiated consumer-facing services last year and documented a surge exceeding 700% in trading transaction volume through its brokerage operations. The platform reports that Bitcoin (BTC), Tether (USDT) and Tron (TRX) have emerged as the most frequently exchanged digital assets among Nigerian users.
According to the company, Ghana has demonstrated substantial growth on its platform even before the official market entry, with registered active participants surging by 140% throughout the past year while transaction volumes have risen by 80%.
We are actively collaborating with Ghanaian officials and regulators to help build a regulatory framework and have already established local compliance representation in Ghana.
Blockchain.com spokesperson
The organization emphasized that developing localized payment systems will play a crucial role as it penetrates the Ghanaian marketplace. "Given how widely used mobile money is in Ghana, integration with the mobile money ecosystem is a key focus," the spokesperson told Cointelegraph.
According to Blockchain.com, the company is assembling regional teams to facilitate operational activities, strategic partnerships and regulatory discussions as it scales throughout the continent. The platform currently maintains operations across more than 70 jurisdictions globally and has outlined plans to launch in additional African countries as an integral component of its extended-term expansion roadmap.
Research published by Chainalysis reveals that Nigeria persistently maintains a position among the globe's top-ranking nations for organic cryptocurrency acceptance, with utilization fueled by international money transfers, currency instability and an expansive mobile-oriented consumer demographic.
Established in 2011 with its main office located in London, Blockchain.com operates as a cryptocurrency platform delivering exchange capabilities, digital currency storage solutions and additional crypto-related infrastructure to consumers around the world.
Crypto adoption grows across Sub-Saharan Africa
Cryptocurrency utilization has experienced rapid acceleration throughout Sub-Saharan Africa in recent years. The territory processed over $205 billion in onchain cryptocurrency value during the period spanning July 2024 through June 2025, representing a 52% jump compared to the preceding year, positioning it as the third-fastest-expanding crypto marketplace worldwide, based on a September analysis from Chainalysis.
Nigeria leads the region in cryptocurrency transactions, processing in excess of $92 billion throughout this timeframe. South Africa, Ethiopia, Kenya and Ghana constitute the subsequent largest marketplaces. Industry experts indicate that usage is frequently motivated by international payment transfers, money remittances and strategies to protect against currency devaluation.
During her appearance at the World Economic Forum Annual Meeting in Davos in January, former UN under-secretary-general Vera Songwe explained that stablecoins are experiencing growing adoption for remittance services and international payment transactions. She noted that conventional money transfer methods typically charge approximately $6 for every $100 transmitted, whereas stablecoins can lower transaction costs and complete settlements within minutes.
Songwe further noted that ongoing inflation challenges across multiple African national economies and restricted availability of traditional banking infrastructure are additionally motivating increasing numbers of users to embrace digital dollar substitutes.
In recent weeks, Africa Bitcoin Corporation's executive chairman Stafford Masie stated that Bitcoin serves as practical everyday currency within certain African communities instead of functioning predominantly as a value preservation mechanism. During his discussion on the Coin Stories podcast with Natalie Brunell, Masie explained that specific vendors operating within localized circular economic systems receive compensation in satoshis as an alternative to traditional fiat money.
In related developments, Africa registered the highest median stablecoin-to-fiat conversion spreads compared to other monitored geographical areas during February, according to information compiled by payments infrastructure provider Borderless.xyz.