Global crypto exchange firm Coinbase‘s Co-founder and CEO Brian Armstrong said that the company is planning to hire 1000 people for its India centre. Currently, Coinbase has 300 employees in India.
Armstrong said that the company is planning to tap into the dynamic Indian software talent to build the product market and will continue to invest heavily in the Indian market. The company is ambitious to hire fresh talents.
“India is a magical country, and I feel that cryptocurrency has a bright future here,” he remarked.
The company announced its global “plans to add 2,000 employees across Product, Engineering, and Design in 2022.”
Coinbase has previously hired Pankaj Gupta, a former Google executive, to run its bitcoin trading platform.
According to Armstrong, India has developed a solid identification and digital payment infrastructure and applied it at a quick pace. The company thinks that crypto and web3 technologies, when combined with India’s world-class software talent, can help India achieve its economic and financial inclusion goals faster.
Armstrong further said, on a personal note, he had just returned from a week in India, where he saw the sights and met some incredible people. This week, he will be meeting with students from prominent colleges, crypto startups, Indian entrepreneurs, and crypto evangelists with members of the executive team.
The company said it plans to double down on regional investments, adding to its portfolio of platforms such as CoinSwitch Kuber and CoinDCX in India to accelerate the growth of the crypto economy globally.
Coinbase is the world’s second-largest exchange by trade volume. It was founded in June 2012 by Armstrong and Fred Ehrsam. Coinbase Ventures, the company’s investment arm, has already invested $150 million in Indian crypto and web3 startups.
