Great news as Coinbase enters India

Great news as Coinbase enters India
Coinbase logo on a computer screen with a magnifying glass by Marco Verch from flickr under licence CC 2.0

Coinbase is looking for Indians to hire as part of its expansion aspirations in the country. Examine the available vacancies.

Coinbase’s Chief Executive Officer recently made an official declaration that the company is opening an office in India and is looking for employees to join the team, after announcing its plan to create a corporate presence in the nation earlier this year.

Coinbase CEO & co-founder Brian Armstrong said in a tweet that Coinbase is constructing an office in India and a great team has already been in place, and he further encourages Indian to join their team.

Pankaj Gupta was appointed as the head of Coinbase India

Coinbase VP Engineering and Site Lead India Pankaj Gupta said in a post that it is initial days for their India centre, even then it has taken off with an extraordinary amount of interest in their vacant opportunities from across India. In the foreseeable future, they have big aspirations for their hub, as they aim to hire hundreds of world-class engineers. In April, Pankaj Gupta was named to lead Coinbase’s India operations.

Pankaj Gupta stated that the business will feature teams in all the major areas in which Coinbase now operates which includes infrastructure, cloud, platform, payments, crypto, blockchains, data engineering, machine learning, growth, and product engineering.

Because the organization is searching for employees to work remotely, the talents will have the choice to work from a variety of locales. Gupta said that because of their remote-first strategy, they are able to provide a truly flexible and modern work environment. That means they are hiring from all around India to uncover the greatest talent. He further added that no matter where their employee is or where they want to work, Coinbase India wants to create a hybrid, flexible workplace. The firm also want to complement this workplace flexibilities with physical offices in major and important cities.

While almost all the vacant positions listed on their website are remote like design, engineering, machine learning, HR & Recruiting, but one is now based in Hyderabad, India.

Coinbase, which was founded in 2012, provides a platform for customers to purchase and trade a variety of cryptocurrencies, including Bitcoin, Ethereum, XRP, Litecoin, Dogecoin and others.

The news about the Coinbase entering India is exciting for the Indian crypto enthusiasts, as there aren’t many options for Indians to enter in to the crypto market. Indians, who are notorious for their gold investments, have discovered a new obsession: cryptocurrencies. India, which has the world’s largest gold reserves (25,000 tonnes), has invested billions in cryptocurrency. According to Chainalysis, cryptocurrency investments have grown from $200 million to $40 billion in the last year.

Despite the Reserve Bank of India’s resistance to digital currency, there has been a rise in investment. Following reports of digital currency frauds, the RBI restricted banks from sponsoring cryptocurrency transactions in 2018. The ban was overturned by the Supreme Court in March 2020, forcing the central bank to announce that its prior order had been reversed.

Nonetheless, the most significant obstacle is regulatory ambiguity. Despite the Supreme Court’s decision to overturn the RBI’s 2018 ruling, authorities have yet to embrace cryptocurrency in India.

Some investors are also worried about the lack of cryptocurrency taxes regulations. According to the news site, one investor is concerned about retrospective tax and even raids if it becomes public knowledge that he is a big-ticket crypto investor because there are now no income tax guidelines. He intends to relocate his trading to an offshore account in a Singaporean bank if a ban is imposed.

It’s worth noting that the value of Indian digital asset holdings is a drop in the bucket compared to the gold market. However, the progress is visible. Daily trade on the 4 largest crypto exchanges in India has increased from $10.6 million to $102 million last year.

With an increasing number of Indians joining the cryptocurrency craze that has engulfed the world, India isn’t far behind.

Several cryptocurrency exchanges have now opened in the country, allowing buyers and sellers to buy, sell, and trade a variety of cryptocurrencies. These exchange platforms provide assist in trading by providing functionality via easy apps or websites.

The most popular and largest cryptocurrency exchange that is already operating in India is WazirX:

WazirX, which was started in 2017, was subsequently purchased by Binance Holdings, the world’s largest cryptocurrency exchange. Security and multilingual support are promised by the exchange.

WazirX’s peer-to-peer (P2P) system automates the process of depositing and withdrawing fiat currency by matching buyers and sellers and ensuring trade safety and speed.

It’s compatible with Android, iOS, the web, Mac OS X, and Windows. Their sign-up process is very easy and anybody can do it in India and starts trading crypto. You have to sign up with your email and KYC is required to withdraw the amount from the exchange. So, if there is any Indians wondering like where you can access to the crypto market, then WazirX you can try.

Explore WazirX

The follow link will take you to the WazirX website, where you can learn more and even sign up for WazirX and start trading Cryptocurrencies. “Full disclosure if you sign up to WazirX through our links and make transaction then we make commission through WazirX Referral Program at no expense of yours”

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