Blockchain.com is set to launch operations in Ghana as part of its strategy to enhance its presence in Africa, following significant growth in Nigeria. The company reported a remarkable 700% increase in brokerage transaction volume in Nigeria since it began retail operations last year, indicating strong demand for its services in the region.
In Ghana, the company has noted a 140% rise in active users and an 80% increase in transaction volumes before its official launch. Blockchain.com aims to integrate local payment methods to facilitate transactions, particularly through mobile money, which is prevalent in the country. A spokesperson mentioned ongoing collaboration with Ghanaian officials to establish a supportive regulatory environment.
As Blockchain.com builds local teams and infrastructure, it aims to expand into other African markets. The company, which operates in over 70 jurisdictions, plans to leverage the growing adoption of cryptocurrency across Sub-Saharan Africa. A recent report highlighted that the region saw a 52% increase in on-chain crypto value, reaching over $205 billion in a year.