Global cryptocurrency exchange Blockfinex has announced a major expansion of its peer-to-peer (P2P) trading infrastructure across Africa as part of a broader push to strengthen liquidity, improve user experience and increase access to its USD-backed stablecoin, DollarCoin (USDR).

The company’s founder and CEO, Danny Oyekan, disclosed the plan in a statement issued on 2 December in New York. He said Blockfinex, which already serves a fast-growing user base in several African markets, is scaling its operations to meet rising demand for digital assets used for savings, business payments and cross-border transactions.

“Africa has always been central to our vision. We’re not entering, we’re scaling,” Oyekan said, adding that African crypto users remain “among the most sophisticated and practical in the world.” He said the company’s goal is to provide stable, compliant and efficient infrastructure built for real-world financial needs.

According to Oyekan, the expansion strategy is anchored on three pillars, beginning with a strengthened P2P marketplace featuring larger buyer-and-seller networks, region-specific liquidity partners, faster escrow systems, and more options for settlement in local currencies. Blockfinex will also introduce a verified merchant programme and OTC storefronts to support high-volume trades.

The second pillar focuses on expanding the circulation of DollarCoin (USDR), the firm’s fully backed stablecoin designed to offer protection against currency volatility, enable cross-border transfers and facilitate merchant payments. Blockfinex plans to widen USDR availability through P2P channels, OTC partners and exchange integrations across the continent.

Key upgrades to the exchange’s trading infrastructure form the third component of the expansion. These improvements include faster execution speeds under African network conditions, deeper liquidity pairs—particularly for USDR—enhanced mobile-first trading features and localized onboarding processes.

Oyekan said Blockfinex will continue to invest in partnerships, educational initiatives, merchant tools and liquidity networks across West, East, Central and Southern Africa as part of its long-term commitment to the region’s growing digital asset economy.