Blockchain.com, a leading crypto wallet and exchange platform, is setting its sights on Africa as regulatory clarity around digital assets begins to take shape across the continent, according to Bloomberg.
The company’s general manager for Africa, Owenize Odia, revealed that Blockchain.com is focusing on Nigeria, Ghana, Kenya, and South Africa for its expansion strategy. As part of this push, the firm plans to open a physical office in Nigeria by Q2, marking a significant commitment to the region. Odia noted that Nigeria is currently Blockchain.com’s fastest-growing market in West Africa and commended the country’s progress in building a transparent regulatory framework for cryptocurrencies.
Ghana is also moving in a similar direction. Odia highlighted that the Bank of Ghana has already drafted guidelines, signalling its intent to start regulating cryptocurrencies and associated platforms by the end of September 2025. Meanwhile, Kenya remains in the exploratory phase, with regulators still assessing the best approach to sector oversight.
As the regulatory landscape evolves, Africa rapidly emerges as a crucial region for crypto adoption. South Africa, in particular, is taking a leadership role. A recent report by the Financial Sector Conduct Authority (FSCA) points to accelerating growth in the country’s decentralized finance (DeFi) sector, highlighting rising opportunities for investors and developers alike.
While South Africa’s DeFi market remains relatively small on a global scale, its momentum is undeniable. With over $27 million currently locked in DeFi protocols and projections reaching $180 million by 2028, the sector is on a steep upward trajectory. Payments account for more than 50% of use cases, followed by lending and borrowing (47.6%) and decentralized exchanges (33%).
Adding to the region’s growing crypto footprint, South African investment firm Altvest Capital has announced plans to raise $10 million to adopt Bitcoin as its primary treasury reserve asset. If approved, Altvest would become the first publicly listed African company to formally integrate Bitcoin into its financial strategy, further reinforcing the continent’s rising significance in the global digital economy.
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