Coinbase Eyes Tech Talent in India as it Looks to Expand Workforce
Coinbase, a leading cryptocurrency exchange, may be looking to expand into India as its CEO Brian Armstrong recently explained during a Q&A session that the company is exploring options. As part of this effort, the exchange is reportedly exploring the possibility of hiring tech talent in the country.
Coinbase is in the process of setting up a team in India, which will focus on helping the company grow the platform service, as well as handle customer service requests. The team is expected to include engineers and product managers.
India is fast becoming a hub for fintech technology companies, which could be a major attraction for Coinbase. The country has also seen a surge in cryptocurrency usage as more users adopt digital payments and cryptocurrencies. With its broadly liberalized financial markets, India is becoming an attractive prospect for many foreign companies.
Coinbase is looking to capitalize on the potential of the Indian market and is reportedly looking to invest and set up operations in the country. The cryptocurrency exchange is also reportedly in talks with the Indian government to obtain a license to operate in the country.
If Coinbase does launch its operations in India, it could be a major win for the company and the broader cryptocurrency industry. India could serve as a gateway for Coinbase to access a large user base, receive capital, and gain insights into the country’s financial services regulations. As cryptocurrency usage increases in India, Coinbase could potentially become one of the major players in the Indian digital asset market.