The crypto broking firm claimed it is growing because more people in West Africa want to use its services, as more people in Sub-Saharan Africa are already using them.
Blockchain.com, a crypto broker, is moving into Ghana as part of a larger effort to extend its business across Africa. This comes after a year of rapid user growth in Nigeria.
The company added that as it builds up its infrastructure in the region and looks into more African markets, it will let Ghanaian users use its trading platform.
The company is expanding because Nigeria has seen tremendous growth. Last year, the company started doing business in Nigeria and had a 700% increase in broking transaction volume. Bitcoin (BTC) at $68,461, Tether (USDT) at $1, and Tron (TRX) at $0.29 have been the most traded assets on the business’s platform in the country, according to the company. The business also noted that Ghana has experienced more activity on its platform before the official debut, with active users up 140% over the past year and transaction volumes up 80%.
A representative for Blockchain.com said, “We are working closely with Ghanaian officials and regulators to help build a regulatory framework. We have already set up a local compliance representation in Ghana.”
Building local infrastructure across Africa
Blockchain.com said it is putting together local teams to help with operations, alliances, and working with regulators as it grows in the area. The business already works in more than 70 places throughout the world, and as part of its long-term expansion plan, it wants to get into more African markets.
The data from Chainalysis indicates that Nigeria is consistently one of the most favourable countries in the world for individuals to utilise Bitcoin. This is due to a robust mobile-first user base, currency instability, and remittances.
Blockchain.com is a cryptocurrency platform that lets people from all over the world trade cryptocurrencies, store their digital assets, and use other crypto infrastructure. The company was founded in 2011 and is based in London.
Sub-Saharan Africa sees rapid crypto growth
In the last few years, more and more people in Sub-Saharan Africa have started using crypto. According to a Chainalysis research from September, the region’s onchain crypto value grew by 52% from the previous year, reaching more than $205 billion between July 2024 and June 2025. This made it the third-fastest-growing crypto market in the world.
Nigeria is the most active country in crypto, receiving more than $92 billion throughout the time. The next biggest markets are South Africa, Ethiopia, Kenya, and Ghana. Analysts argue that cross-border transfers, remittances, and measures to protect against currency fluctuations are often what drives demand for cryptocurrencies in Nigeria and other African markets.
Stablecoins and Bitcoin gain real-world use
At the World Economic Forum Annual Meeting in Davos in January, Vera Songwe, a former UN under-secretary-general, observed that stablecoins are being used more and more for remittances and payments across borders. Vera Songwe observed that traditional methods of sending money typically incur fees of approximately $6 for every $100 sent, whereas stablecoins have the ability to reduce fees and settle transactions within minutes.
Songwe also said that high inflation in several African economies and limited access to financial institutions are making more people turn to digital dollar alternatives.
Stafford Masie, the executive chairman of Africa Bitcoin Corporation, said earlier this month that in some African communities, Bitcoin is used as regular money instead than just a store of value. Masie told Natalie Brunell on the Coin Stories podcast that some businesses in local circular economies take payments in satoshis, which are the smallest units of Bitcoin, instead of regular money.
Data from the payment infrastructure company Borderless.xyz shows that Africa had the greatest median stablecoin-to-fiat conversion spreads among tracked areas in February.