Coinbase, the cryptocurrency exchange, is gearing to begin operations in India. It will open an office in Hyderabad, but plans to be a remote-first company. It has already begun hiring technology and finance professionals in India and Canada among other locations, and will offer remote-working options to the new recruits.
From its social media posts, it is clear that the Company is on the lookout for engineers, engineering managers, software engineers and product managers as well.
Coinbase hopes to take advantage of the quality engineering talent that India has to offer, and which it requires to develop new techniques that will facilitate the interaction of customers with the cryptoeconomy.
The exchange is actively recruiting in Japan, Singapore, Canada, Ireland, the US and the UK. It now hopes to establish a strong presence in India.
Meanwhile, the Government of India’s stand on cryptocurrency remains unclear. The crypto industry, however, is hopeful that there will be no probation on crypto trading or investments in the country.
Also, with the Indian government demanding that companies mandatorily reveal their cryptocurrency investments, the hopes of startups and investors have only been fanned.
Founded in 2012, Coinbase is now listing itself in the exchanges in the US. It supports cryptocurrencies, such as Bitcoins and Ethereum, and boasts of 43-million users.
Coinbase Ventures, the investment division of Coinbase, has invested in CoinDCX, the Indian cryptocurrency exchange in which it has put in $13.5 million in a series B round in 2020.
