Blockchain.com has planted its flag in Lagos, opening its first African office as Nigeria cements its place among the world’s leading crypto adopters.
This expansion comes at a time when the country is experiencing a surge in crypto adoption, strengthened by the newly enacted 2025 Investment and Securities Act, which provides a much-needed regulatory framework for digital assets.
Nigeria’s Thriving Crypto Ecosystem
Nigeria has emerged as a hotspot for cryptocurrency activity, with millions of users engaging in trading, remittances, and decentralised finance (DeFi).
According to recent reports, the country ranks among the top in global crypto adoption rates, driven by economic factors like inflation and the need for alternative financial systems.
For instance, peer-to-peer Bitcoin trading volumes in Nigeria have consistently outpaced many developed nations, highlighting the grassroots demand for digital currencies.
If you’re interested in exploring more about crypto adoption in Nigeria, it’s clear that the youthful, tech-savvy population is leading the charge.
The 2025 Investment and Securities Act
A key catalyst for Blockchain.com‘s entry is the 2025 Investment and Securities Act (ISA), signed into law by President Bola Tinubu on March 25, 2025.
This legislation marks a significant shift, officially recognising cryptocurrencies like Bitcoin and Ether as securities, thereby integrating them into Nigeria’s capital market framework.
Under the ISA 2025, the Securities and Exchange Commission (SEC) gains broad powers to oversee digital asset issuance, trading, and exchanges.
Key provisions include:
- Licensing for Virtual Asset Service Providers (VASPs): Platforms must now register with the SEC, ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) standards.
- Prohibition of Ponzi Schemes: Explicit bans and penalties for fraudulent schemes, protecting investors.
- Mandatory Disclosures: Issuers of digital assets, including those behind initial coin offerings (ICOs) or meme coins, must provide transparent information to the public.
- Physical Presence Requirement: Foreign operators are encouraged to establish local offices, which aligns perfectly with Blockchain.com‘s strategy.
This act replaces fragmented regulations, such as the Central Bank of Nigeria’s earlier bans on crypto banking services, with a harmonised approach that encourages innovation while mitigating risks.
READ ALSO:How Blockchain Is Rewiring Cooperative Farming in Nigeria
For a deeper dive into Nigeria crypto regulations 2025, Forbes offers comprehensive coverage on how this law is reshaping the sector.
Why Lagos?
Nigeria was identified as a priority due to its market potential. The Lagos office, now operational, serves as a hub for operations across West Africa, focusing on product development, partnerships, and compliance with local laws.
The company’s decision capitalises on Nigeria’s regulatory clarity post-ISA 2025, which has attracted international players by reducing uncertainty.
Lagos, as Nigeria’s economic capital, offers access to a vibrant fintech ecosystem, talent pool, and infrastructure.
Blockchain.com has described Nigeria as its “fastest-growing market in West Africa,” with the office aimed at supporting local users and exploring opportunities in Ghana, Kenya, and South Africa.
A Milestone for Nigeria’s Digital Economy
Blockchain.com‘s Lagos office opening is more than just a business expansion; it’s a vote of confidence in Nigeria’s crypto ecosystem and the progressive stance of the 2025 Investment and Securities Act.
As the country continues to lead Africa’s digital transformation, this development paves the way for safer, more inclusive financial services.
Ronnie Paul is a seasoned writer and analyst with a prolific portfolio of over 1,000 published articles, specialising in fintech, cryptocurrency, climate change, and digital finance at Africa Digest News.
Leave a Reply