Blockchain.com Expands Crypto Trading Platform to Ghana
Summary
Crypto brokerage Blockchain.com is expanding its operations into Ghana as part of a wider strategy to grow its presence in Africa, spurred by substantial user growth in Nigeria where brokerage transaction volume increased by over 700% in the past year. The company is establishing local compliance representation and collaborating with Ghanaian officials, prioritizing integration with the widely used mobile money ecosystem. Ghana has already shown rising activity, with active users up 140% and transaction volumes climbing 80% year-over-year. This move aligns with a broader trend of rapid crypto adoption across Sub-Saharan Africa, driven by needs for remittances, hedging against currency volatility, and alternatives to traditional banking.
(Source:Cointelegraph)