Blockchain.com seems to bet on the Crypto Future of Africa, where regulations can transform a once a restrictive market.
Crypto wallet and exchange platform Blockchain.com is said to be looking for growth in Africa, because some countries start introducing regulations for digital assets, Bloomberg report.
According to Owenize Odia, the general manager of Blockchain.com for Africa activities, the company focuses on Nigeria, Ghana, Kenya and South Africa, with plans to open a physical office in Nigeria in Q2. Nigeria is the “fastest growing market” in Blockchain.com in West Africa, Odia said, adding that the country “has taken meaningful steps to create a clear framework for crypto.”
While most African countries still prohibit Crypto trading or tightly check, a few are slowly changing their approach. Nigeria recently adopted a new investment legislation that makes licenses possible for crypto exchanges.
Ghana can also introduce rules, while Odia noted that the Central Bank of Ghana has concept guides that demonstrates “its intention to start regulating cryptocurrency and related platforms by the end of September 2025.” In the meantime, Kenya is still studying how he can supervise crypto before he makes decisions.
Africa quickly becomes a hotspot for the adoption of crypto, and South Africa seems to be in charge. A new report from the behavioral authority of the financial sector emphasizes the growing opportunities in the decentralized financial sector of South Africa.
Although it is still small, the Defi market in South Africa is growing rapidly, with the total value of more than $ 27 million and projections of $ 180 million in 2028. Payments remain the most common use of use (more than 50%), followed by loans (47.6%) and decentralized exchanges (33%).
