Blockchain.com Deepens Footprint in Nigeria, Launches Tokenized Stocks for African Investors

Global cryptocurrency platform Blockchain.com has reaffirmed its long-term commitment to Nigeria as it expands its operations, deepens regulatory engagement, and introduces innovative investment products designed for African users, including tokenized access to U.S. stocks.

At a press briefing in Lagos on Tuesday, Owenize Odia, general manager for Africa at Blockchain.com, said Nigeria remains one of the company’s fastest-growing markets, driven by the country’s high crypto adoption rate and digitally savvy population.

Blockchain.com team led by Owenize Odia (left) general manager for Africa

“Nigeria is an important market for us because of the level of adoption we’ve seen here. We already have millions of users engaging with our platform, and we’re now working to establish a stronger local presence,” Odia said.

Rising Adoption and Market Momentum

Blockchain.com, which operates one of the world’s oldest and most trusted crypto wallets and exchanges, revealed that its brokerage volume in Nigeria has grown by over 100% since its official launch in February 2025.

The company’s expansion comes as Nigeria consolidates its position as Africa’s largest cryptocurrency market.

According to Chainalysis’ 2024 Global Crypto Adoption Index, Nigeria ranked second globally, behind India, in peer-to-peer transaction volume and retail crypto usage.

The Central Bank of Nigeria (CBN) also estimates that over 33 million Nigerians, mostly young adults aged 18 to 35, actively trade or hold digital assets.

Strengthening Local Presence and Regulatory Collaboration

Michael Emeeka, head of Business and Customer Operations at Blockchain.com Nigeria, said the company has opened a local office in Lagos and is expanding its Nigerian team to enhance customer support, compliance, and educational outreach.

“We are not here just to sell or make money,” Emeeka explained. “We’re here to educate people about cryptocurrency and show them how it can fit into their daily lives, from payments to remittances, especially as more Nigerians have family abroad.”

The company’s emphasis on compliance and consumer education aligns with Nigeria’s emerging digital asset regulatory framework, following the Securities and Exchange Commission’s (SEC) 2023 guidelines on digital asset service providers and the CBN’s decision to reintegrate licensed crypto exchanges into the banking ecosystem.

A Broader Commitment to Africa

Founded in 2011, Blockchain.com serves over 40 million verified users in more than 200 countries, facilitating over $1 trillion in crypto transactions to date.

The firm’s expansion in Nigeria aligns with its broader African strategy, which includes partnerships to drive financial literacy, local fintech integration, and blockchain-based remittances across key markets such as Kenya, Ghana, and South Africa.

With Nigeria’s youthful population, rising smartphone penetration (now above 52%), and ongoing fintech reforms, Blockchain.com’s strategic deepening of its Nigerian operations signals the country’s continued emergence as a continental hub for blockchain innovation and investment.

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