Blockchain.com is stepping up its presence in Africa, targeting markets where governments are beginning to implement crypto regulations.
The UK-based exchange plans to open a physical office during the second quarter in Nigeria — its “fastest-growing market” in West Africa — along with broader expansion efforts in Ghana, Kenya and South Africa, according to a May 27 report by Bloomberg.
“Nigeria has taken meaningful steps toward creating a clear framework for crypto,” Owenize Odia, Blockchain.com’s general manager for Africa, reportedly said.
The move comes as global sentiment shifts, including political tailwinds from the United States, where President Donald Trump’s pro-crypto stance has encouraged industry expansion.
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Nigeria and Ghana lead in crypto regulation
While cryptocurrency trading remains restricted in many African countries, some, including Nigeria and Ghana, are taking steps toward creating legal frameworks for exchanges.
Odia said the company