Global cryptocurrency platform Blockchain.com is setting its sights on Nigeria for African operations.
Furthermore, the company is actively seeking a crypto exchange licence from Nigeria’s Securities and Exchange Commission.
Why Did Blockchain.com Choose Nigeria?
Blockchain.com’s Country Head, Michael Emeeka, explained the choice of Nigeria in an interview with newsmen.
“Nigeria has a large, tech-savvy population and fast digital adoption, making it ideal,” he said.
Moreover, he noted that Nigeria has one of the highest crypto adoption rates worldwide, after India.
A significant portion of Blockchain.com’s 80 million wallets comes from Africa, particularly Nigeria.
Consequently, securing an SEC licence has become the company’s immediate priority for local operations.
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Expanding Crypto Use
The firm is engaging directly with the CBN, NIBSS, and the National Institute of Credit Administration.
In addition to trading, Blockchain.com plans to expand crypto use for payments, remittances, and business transactions across the country.
General Manager for Africa, Owenize Odia, emphasised that the company places compliance at the centre of its approach.
Similarly, Compliance Officer, Serena Braide, highlighted that the firm follows strict global standards, including KYC, due diligence, and transaction monitoring.
Regulation And Growth
Last year, SEC granted Approval-in-Principle to Quidax and Busha under its ARIP programme.
Meanwhile, the Commission continues to assess other applicants individually as they meet regulatory requirements.
By focusing on regulation, local engagement, and practical crypto use, Blockchain.com is actively placing Nigeria at the heart of its African expansion.
