UK-Based Crypto Exchange Blockchain.com Targets African Expansion With Nigeria Office And Crypto License
Crypto Exchange Blockchain.com based in the United Kingdom intensifies its African expansion, because it seeks to acquire a license in Nigeria, one of the largest cryptographic markets in Africa.
According to Bloomberg, Blockchain.com plans to open a physical office in Nigeria this quarter. As part of his expansion in the African region, he appointed the veteran of the financial sector Owenzie Irese Odia as Director General of the Region.
Announcing his appointment, Blockchain.com wrote,
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“We are delighted to welcome Owenize Irese Odia as director general, in Africa, while we continue to accelerate our mission to inaugurate the future of finance through the continent. Owen’s reputation as an crypto-active operator and defend in Africa precedes it. Africa:
“While our user base is developing regularly through Africa, led by West Africa, our fastest market, we are entering a natural phase of regional investment and establishing a physical presence, starting with our Center-West African. This is a pivotal moment to establish a sustainable presence, promote local partnerships and build in a constructive manner with regulators across the continent. ”
In his role, Owen will supervise the complete commercial strategy of Blockchain.com in Africa, collaborating in close collaboration with the world teams of products, commercial, compliance and regulation. She will direct the business efforts to:
- Engage yourself with regulators to continue licenses and ensure compliance.
- Groous The Blockchain.com brand as a trust and secure platform for cryptography services.
- Build and set up regional teams to meet the unique needs of local customers.
On the expansion of the company in Nigeria, Owen noted that the demand for a license of cryptocurrency in Nigeria is an absolute priority. In particular, the license of Blockchain.com in Nigeria comes after the Nigerian government has officially recognized the cryptocurrency and other virtual assets as titles for the first time.
Let us recall that after having swung back and forth between acceptance and rejection, President Bola Ahmed Tinubu on March 25, 2025 took a decisive step towards the regulation of the cryptocurrency sector in Nigeria, in the new dry law 2025. The law recognizes not only virtual assets and investment contracts as securities, but also places virtual asset service providers, digital asset operators (DAOPS) and digital asset exchanges under the regulatory monitoring of Securities and Exchange Commission (SEC).
Section C on page 188 of the Official Copy of the ISA bill, recognizes virtual and digital assets as titles. It describes exchanges of securities or exchanges recorded as an organized installation which maintains and provides an infrastructure:
- (a) to bring together buyers and sellers of securities, virtual assets, basic products or products or financial instruments.
- (b) for offers and correspondence offers for securities, virtual assets, raw materials or financial products or instruments of several buyers and sellers; And
- (c) by which an offer and an offer paired for titles, virtual assets, basic products or financial instruments or instruments constitute a transaction.
As part of its accelerated regulatory incubation program (ARIP), the SEC has granted provisional licenses, or “approval in principle”, to two cryptocurrency exchanges – Shidax and Busha in 2024.
Launched in 2011, Blockchain.com made its debut as an early pioneer in key infrastructure for the Bitcoin community. First of all, with a blockchain explorer who allowed anyone who not only examine transactions and study the blockchain, but an API that allowed companies to rely on Bitcoin.
Since its launch, the platform has created more than 92 million portfolios and has transformed more than 1 dollars Billion, with a presence in more than 200 countries, relentlessly building the future of finance, serving people, projects, protocols and institutions.
With its African expansion, the ambition of the company is to become the essential regulated platform for consumer investment and payments by investing in infrastructure, people and regulatory clarity across Africa.
