Blockchain.com Expands Operations in Africa With Focus on Nigeria, Ghana, and Kenya
Blockchain.com is expanding into Africa, focusing on Ghana, Kenya, and South Africa. The company plans to open a physical office in Nigeria this quarter, its fastest-growing market in West Africa.
- Nigeria has enacted a new investment and securities law for cryptocurrency exchanges.
- Owenize Odia, Blockchain.com’s GM for Africa, stated that obtaining a crypto-exchange license in Nigeria is a priority.
- The Bank of Ghana released draft guidelines for digital assets last year.
- Kenya is in the research phase regarding cryptocurrency regulations.
- Earlier this year, Blockchain.com took steps toward a potential IPO with new executive appointments.
- Circle Internet Group, creator of USDC, filed for an IPO on the NYSE as more crypto firms seek public listings.