Blockchain.com to open Nigeria office, expand across Africa as crypto regulations take shape
- Blockchain.com plans to expand into Ghana, Kenya, and South Africa and open a physical office in Nigeria in Q2 2025.
- The Nigeria expansion would make Blockchain.com the first foreign crypto firm to establish a physical presence in the country.
- Nigeria has taken meaningful steps toward creating a clear framework for crypto, with a crypto exchange license application as a top priority.
The expansion of Blockchain.com into Africa signifies a pivotal moment for the continent's cryptocurrency landscape, as it not only enhances competition but also encourages local regulators to establish clearer frameworks. This could lead to increased investment and innovation in the sector, benefiting both consumers and businesses. However, the long-term success will depend on how effectively these regulations are implemented and how local players adapt to the new competitive environment.
