Coinbase Announced 'Business Presence' in India With New Local Hires
US-headquarted major crypto exchange Coinbase is now hiring in India, amidst numerous speculations of a possible crypto re-ban in the country, and ahead of the company's direct listing.
Coinbase said today that it's "establishing a business presence in India." Its plans for this technologically relevant country is to house certain IT services, including engineering, software development, and customer support operations there.
As India is well-known as a hub for engineering and technology innovation, the company said it "will benefit from its huge pool of world-class engineering talent."
As reported, there have been many reports, growing in number since the year began, about a possible new ban of some sort placed on crypto, or some part of it - all in all, not much is known about it, and much of it rests on speculations. Many industry insiders also say that a ban is unlikely.
However, it seems that these local specialists hired by Coinbase would still be able to work for the crypto industry even if the ban is confirmed. While they'd ban crypto itself, the people could still work for crypto companies, and this one is based in the US, offering its services in a number of countries. Ironically, Indians wouldn't be able to trade cryptocurrency, but they'd be able to help others trade it globally.
The company plans a physical office, initially in Hyderabad, for Indian employees as COVID-related conditions allow, they said, while it plans to be a remote-first company - the new local hires "will have the option to work across various locations in their country of hire."
Coinbase is currently in the process of active hiring in the US, UK, Ireland, Japan, Singapore, Canada, and the Philippines. Per their website, the company has a number of positions open across these regions, but does not yet offer the list for India specifically.
In the meantime, as reported, Coinbase filed to go public via USD 1bn direct listing on the Nasdaq Global Select Market under the symbol COIN this year.
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