Blockchain expands to Ghana following 700% increase in transaction volumes in Nigeria
The company set sights on wider African expansion while accelerating its mission to provide financial access across Africa.
By Owen Odia, General Manager of Africa at Blockchain.com Blockchain is expanding its footprint across Africa following a year of record growth in Nigeria.
Today, we are announcing the launch of operations in Ghana, marking the next step in our long term commitment to expanding secure access to digital assets across the region.
The decision to enter Ghana comes after an extraordinary year in Nigeria. Since launching retail operations there last year, Nigeria has quickly become one of Blockchain’s fastest-growing global markets. Brokerage transaction volumes have increased by more than 700% since launch, driven largely by demand for stablecoins and major digital assets, including USDT, BTC and TRX.
The growth reflects a broader trend across the continent. According to Chainalysis’ Global Crypto Adoption Index, Nigeria consistently ranks among the top crypto adopting countries in the world and leads Sub-Saharan Africa in grassroots adoption. The country has seen billions of dollars in annual crypto transaction volume, driven in part by currency volatility, remittance demand, and a rapidly growing mobile first population.
Across many African economies, digital assets are increasingly serving practical financial needs. From cross border payments to savings in more stable assets, crypto is providing individuals and businesses with new tools to manage economic uncertainty and participate in the global digital economy.
Ghana is already showing momentum. Even prior to our official launch, we saw significant organic adoption traction in the country. Over the past year, Blockchain.com recorded 140% increase in active users in Ghana and an 80% increase in transaction volumes. These trends highlight strong demand for secure and compliant platforms that provide access to digital assets.Our expansion into Ghana reflects our belief that Africa will play a critical role in the future of digital finance. Across the continent, we are seeing growing interest from individuals, entrepreneurs, and businesses looking for reliable financial infrastructure that connects them to global markets.
This information is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax or financial advice from a professional advisor. The purchase of crypto entails risk. The value of crypto can fluctuate and capital involved in a crypto transaction is subject to market volatility and loss. Digital currencies are not bank deposits, are not legal tender, and are not backed by the government. Blockchain.com’s products and services are not subject to any governmental or government-backed deposit protection schemes. Legislative and regulatory changes or actions in any jurisdiction in which Blockchain.com’s customers are located may adversely affect the use, transfer, exchange, and value of digital currencies.
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