Quick Summary
- Blockchain.com to open a physical office in Lagos by Q2 2025.
- Nigeria is Blockchain.com’s fastest-growing market in West Africa.
- Crypto-friendly regulations are emerging in Ghana, Nigeria, Kenya, and South Africa.
- South Africa’s DeFi market is booming with a TVL projected to hit $180M by 2028.
- Africa is positioning itself as a key global frontier in crypto adoption.
Focus Keyword: Blockchain.com Africa Expansion
Africa’s Crypto Awakening
Africa is fast emerging as the next frontier for global crypto innovation. While many nations initially viewed cryptocurrencies with skepticism, tides are turning as countries like Nigeria, Ghana, Kenya, and South Africa begin crafting forward-looking digital asset regulations.
Global crypto players are paying attention—Blockchain.com is leading the charge with a bold Africa expansion strategy.
🇳🇬 Blockchain.com Bets Big on Nigeria
“Nigeria has taken meaningful steps toward creating a clear framework for crypto,” said Owenize Odia, Blockchain.com’s General Manager for Africa, in a recent Bloomberg interview.
With the opening of a physical office in Lagos planned for Q2 2025, Blockchain.com is clearly making Nigeria its hub for African operations. This move is grounded in Nigeria’s status as Blockchain.com’s fastest-growing market in West Africa and the country’s recent crypto regulation efforts.
A new investment law in Nigeria, which enables the licensing of crypto exchanges, signals the government’s growing recognition of digital assets as part of its economic future.
Ghana and Kenya Eye Regulation
Following Nigeria’s lead, Ghana is also advancing towards a regulated crypto landscape. Odia confirmed that Ghana’s central bank has issued draft guidelines aiming to regulate crypto by September 2025.
Meanwhile, Kenya is in the research phase, studying how to build an effective regulatory framework for crypto. These developments suggest that a continent-wide shift is underway—regulation is fast becoming the new catalyst for adoption.
South Africa’s DeFi Market Surges
South Africa is already ahead in terms of decentralized finance (DeFi) adoption. A report by the Financial Sector Conduct Authority (FSCA) shows South Africa’s DeFi market has:
- $27 million in total value locked (TVL)
- Projected growth to $180 million by 2028
The usage breakdown is impressive:
- Payments: 50.2%
- Lending & Borrowing: 47.6%
- Decentralized Exchanges (DEXs): 33%
Blockchain.com’s move into South Africa aligns with this trajectory, aiming to support the growing demand for DeFi and crypto wallet services.
The Road Ahead for Blockchain.com in Africa
Africa’s regulatory momentum and market appetite make it a lucrative destination for crypto expansion. By setting up in Nigeria and eyeing markets like Ghana, Kenya, and South Africa, Blockchain.com is strategically aligning itself with Africa’s evolving digital future.
This expansion is not just about business growth—it’s a signal that Africa is ready to play a major role in the global crypto economy.