Major cryptocurrency exchange Coinbase has hired Pankaj Gupta, a former Google Pay engineering lead in India and Asia Pacific as its vice president of engineering and site lead for India. Even though there is a possibility of a crypto ban in India, it has started hiring in India, posting several job applications.
“India has long been known as a hub for engineering and technology innovation, and we look forward to finding that world-class talent to help the Coinbase group develop new ways for our customers to interact with the cryptoeconomy. “
Coinbase got enlisted on Nasdaq earlier this month and it continues to expand its reach. Hiring talent in engineering, software development and customer support is the baby step it has taken towards the expansion.
” The plan is to hire hundreds of employees across all levels in engineering, product management, UX design, research and program management within the next 1–2 years to build out a full tech hub in India, ” Pankaj Gupta stated it in a blog.
Coinbase had made it official about expanding the business in India last month only even before getting enlisted on Nasdaq. It was expecting to open an office in Hyderabad to showcase their physical presence.
“To support our ambitious growth plans in India, we will also explore startup acquisitions and acquihires,” Mr Gupta added.
Coinbase is also actively hiring in countries like Japan, Singapore, the Philippines, Ireland, Canada, and the U.K to expand their geographical diversity. However, the decision to expand in India despite the looming threat of a ban is a courageous one.
Matter of the fact is that the Indian government has not decided on the future of cryptocurrency yet. However, Nirmala Sitharaman, India’s finance minister had said that the government was looking to explore all the possible outcomes less than 7 weeks ago. The country is hit with the second wave of COVID-19 pandemic at the moment and is solely trying to deal with the catastrophic situation right now.
The discussion on the future of cryptocurrency has been re-scheduled to the monsoon session of the parliament and if it takes place, the crypto fanatics are hoping for a final verdict in their favor.