Blockchain.com: Crypto Trading Hits Ghana with Cedi Support

AI Summary

• Cedi Support Launched: Blockchain.com now supports GHS, allowing Ghanaians to trade 100+ cryptos via MTN Mobile Money.

• Massive User Growth: The launch follows a 140% surge in active users and an 80% rise in transaction volume in Ghana.

• Regulatory Milestone: The move aligns with Ghana’s new 2026 VASP law, legalizing and regulating the digital asset sector.

Blockchain.com officially expanded its retail operations into Ghana on March 9, 2026. This move marks the second major African expansion for the crypto giant, following a record-breaking year in Nigeria.

By adding support for the Ghanaian Cedi (GHS), the platform now allows local users to trade over 100 cryptocurrencies directly using local payment methods, including MTN Mobile Money (MoMo). CEO Peter Smith called it a key move for Africa’s booming digital asset market, while GM Owen Odia pointed to the region’s huge potential for financial inclusion amid economic challenges.

Fueling the Digital Asset Boom in West Africa

The launch comes at a time when digital asset adoption in Ghana is skyrocketing. Even before the official rollout, Blockchain.com reported organic growth in the country. Active users in Ghana increased by 140% over the last year. Similarly, transaction volumes grew by 80%. These numbers reflect a growing appetite for secure and compliant crypto tools among Ghanaians.

This expansion mirrors the company’s success in Nigeria. Since launching retail operations in Lagos in early 2025, Blockchain.com saw brokerage transaction volumes surge by over 700%. Popular assets like Tether (USDT), Bitcoin (BTC), and Tron (TRX) led this growth. Nigeria currently ranks as a global leader in grassroots crypto adoption. Blockchain.com now aims to replicate this momentum in the Ghanaian market.

Mobile Money: The Key to Financial Inclusion

A major highlight of the Ghana launch is the integration with local payment rails. Recognizing the dominance of mobile money in the region, Blockchain.com partnered with providers like MTN to offer quick deposits and withdrawals. This integration is vital for a population that is increasingly mobile-first.

CEO Peter Smith described the expansion as a key milestone for Africa’s digital asset market. He noted that emerging markets serve as a proving ground for the real-world utility of crypto. For many, these assets provide a hedge against currency volatility and a cheaper alternative for cross-border remittances.

Owen Odia, the General Manager for Africa at Blockchain.com, echoed this sentiment. She emphasized that the move is part of a long-term strategy to build digital infrastructure across the continent. By investing in local talent and creating region-specific products, the company aims to make financial services available to everyone globally.

Navigating the Regulatory Landscape

The timing of the launch aligns with significant regulatory shifts in Ghana. In January 2026, the Ghanaian government passed the Virtual Asset Service Providers (VASP) Bill. This new law officially legalized crypto trading and established the Bank of Ghana (BoG) as the primary regulator.

Blockchain.com has established a local compliance team in Ghana to ensure its operations meet these new standards. The company is actively collaborating with Ghanaian officials to help shape a sustainable regulatory framework. This focus on compliance aims to protect consumers while fostering innovation in the “Silicon Savannah.”

The Road Ahead for African Crypto

Ghana is just the next step in Blockchain.com’s broader African strategy. The company maintains operational teams across the region to support partnerships and regulatory engagement. As economic challenges persist, digital assets offer a new path for financial inclusion. With millions of people already using mobile money, the transition to digital assets feels like a natural evolution for the West African economy.