Coinbase Collaborates with Onboard for Easing Peer-to-Peer Cryptocurrency Transactions in Nigeria
In a significant move to expand its presence in Nigeria, Coinbase Wallet has integrated Onboard Global's peer-to-peer exchange. This partnership, which aligns with Onboard's goal of making crypto transactions more accessible, is set to reshape traditional finance in Nigeria and coincides with Coinbase's regional expansion.
Onboard Global, a Nestcoin product, offers a digital wallet available in various countries, including Nigeria. The wallet provides features such as opening USD accounts, receiving stablecoins globally, spending crypto via USD cards in over 160 countries, and maintaining high security with no middlemen. The wallet's user-friendly onboarding, security, and dedicated 24/7 human support make it an attractive choice for Nigerian users.
The Onboard P2P platform allows Nigerians to transact in minutes using local currency, and purchases below $100 can be made without ID verification, providing some level of assurance for KYC-free trades. This partnership marks a significant shift for Coinbase, as previously, while users could send, receive, and convert crypto, full access to cryptocurrency features was unavailable due to regulatory restrictions in Nigeria.
Coinbase's expansion in Nigeria is part of its "Go Broad, Go Deep" strategy, focusing on global reach and market-specific solutions. The integration of Onboard's P2P platform is expected to be expanded to over 50 countries within the next year, including Argentina, India, Indonesia, Kenya, the Philippines, and Turkey.
While there is no available information indicating a specific Coinbase Wallet–Onboard Global partnership in Nigeria related to expansion, KYC, or security measures as of August 2025, the existing landscape shows Onboard Wallet independently offers secure, user-friendly crypto wallet services in Nigeria with fiat onramp capabilities. Partnerships like Onramper’s with Yellow Card demonstrate how KYC and local payment methods are being used to expand crypto access securely and compliantly across Nigeria and Africa.
Some users of Onboard Wallet have welcomed the news, with one active user, Juliet, stating that KYC can be unnecessarily stressful. The payment option is planned to be expanded to over 50 countries within the next year, providing a more accessible way for users to buy cryptocurrency via peer-to-peer exchanges.
This partnership reinforces Onboard's vision to make crypto transactions more accessible in Nigeria and is a testament to Coinbase's commitment to providing secure, scalable onboarding with major partners. Onboard Wallet merges centralized and decentralized models, providing greater asset control than traditional exchanges like Bybit while enabling on/off ramping without third-party integrations.
In September 2024, Nestcoin secured $1.9 million in strategic funding from Hashed Emergent, the Base Ecosystem Fund, Adaverse, and other investors, accelerating Onboard's growth since its rebrand, backed by Coinbase Ventures and LAVA. This investment further solidifies the partnership between Coinbase and Onboard Global and sets the stage for continued growth and innovation in the Nigerian crypto market.
Coinbase's collaboration with Onboard Global signifies a significant step towards integrating cryptocurrency regulation in the finance and technology industry, especially in Nigeria. As the partnership expands, it is expected to influence traditional finance by offering secure, user-friendly crypto transactions and onboarding, ultimately making the industry more accessible.
With its integration into Coinbase Wallet, Onboard Global's P2P platform is poised to play a pivotal role in Coinbase's "Go Broad, Go Deep" strategy, extending its reach to over 50 countries within the next year, potentially revolutionizing crypto transactions in regions like Argentina, India, Indonesia, Kenya, the Philippines, and Turkey.
