Global crypto platform Blockchain.com has announced that it is in the process of applying for a license from the Securities and Exchange Commission (Nigeria) (SEC) so it can begin operating in Nigeria, which the company has chosen as its African hub.
According to Country Head for Nigeria Michael Emeeka, the decision stems from Nigeria’s large market, rapidly expanding digital ecosystem, and tech‑savvy population. He added that the country already plays a major role in the company’s wallet base, and its residents rank among the top adopters of crypto globally.
On the ground, Blockchain.com has set up a presence in Lagos, hired local staff, and is engaging closely with regulators and financial bodies, including the SEC, the Central Bank of Nigeria (CBN), and the Nigeria Inter‑Bank Settlement System (NIBSS). The company emphasizes that it already follows strict global compliance practices—such as KYC, sanctions screening, and continuous monitoring—even before the license is officially granted.
Beyond simply offering a trading platform, Blockchain.com says its strategy in Nigeria will include enabling payments, remittances, and business‑transaction tools via crypto, tapping into the country’s already active usage of digital assets for more than speculation. The company says its priority is to build trust through education, local talent investment, and strong regulatory alignment.
