Competitors are expanding in Africa, and Blockchain.com establishes its first branch in Nigeria
Blockchain.com, a leading cryptocurrency company based in the UK, has made its first foray into Africa by opening a physical office in Nigeria. This move marks a significant step in the company's global expansion strategy, particularly in high-adoption markets.
The subsidiary of Blockchain.com in Nigeria was founded in 2021, and since then, the company has been actively engaging with the local market. Nigeria has consistently ranked among the top countries globally for crypto adoption, despite years of regulatory uncertainty.
Blockchain.com's regulatory priorities and ambition are reflected in its quick scale in high-adoption markets. The company's strategy is to remain regulator-friendly and be trusted and compliant partners across Africa. To achieve this, Blockchain.com is engaging with the SEC on licensing requirements in Nigeria, though approvals are still pending.
The company sees value in "localisation"-putting staff on the ground who understand market nuances and can engage directly with regulators. Blockchain.com has made key hires in Nigeria across compliance, business development, customer success, and growth, and is expanding hiring in Ghana.
In addition to its regulatory efforts, Blockchain.com is also focusing on community building. The re-enabling of naira withdrawals by the company underscores its effort to restore full service for users while working within the country's evolving compliance framework. With the renewed naira support, users in Nigeria can now transact more freely on the platform.
Moreover, Blockchain.com is organising an event called Moonshot, which is set to return to Lagos on October 15-16. Moonshot is an opportunity for attendees to meet and learn from Africa's top founders, creatives, and tech leaders for two days of keynotes, mixers, and future-forward ideas. Tickets for Moonshot can be purchased now.
With the new law in place, renewed naira support, and global players now setting up shop, Nigeria is becoming the launchpad for Africa's next phase of crypto expansion. The Investment and Securities Act (2025) in Nigeria explicitly brings virtual assets under the purview of the Securities and Exchange Commission (SEC).
Blockchain.com is not stopping at Nigeria. The company is still hiring across other key markets, with a focus on scaling fast but in a compliant way. This expansion model involves building teams that can engage regulators directly while also adapting the product to local market needs.
As Blockchain.com continues to expand its presence in Africa, it is poised to play a significant role in the continent's burgeoning crypto market. The company's commitment to compliance and localisation is expected to set a positive precedent for other global players looking to enter the African market.
Read also:
- Tesla is reportedly staying away from the solid-state battery trend, as suggested by indications from CATL and Panasonic.
- Tesla's 37th week update: Stock remains steady, potential successor for Musk, unveiling of new megapack, fuel reveal delayed until IAA event
- Lieutenant Governor Kounalakis joins SoCalGas in unveiling the novel H2 Hydrogen Innovation Experience, a one-of-a-kind demonstration.
- Review of the 2025 Lamborghini Revuelto: Blazing Beasts on Wheels
