Coinbase, one of the largest crypto exchanges in the world, is planning to hire multiple recruits for its Indian hub. It is offering the recruits $1000 incentives in crypto. With this offer, it can leverage the top skills into learning crypto.
India is home to world-class engineers, tech builders and entrepreneurs who the crypto exchange can use to enter and establish dominance in the Indian crypto market. The Indian market is already abuzz with growing expertise in crypto and blockchain technology. Various crypto projects like Istadapp and Polygon already show the possibilities in the blockchain applications for the country.
Coinbase is committed to expanding this growth and making blockchain more accessible in the region. This it plans to do through an Indian tech hub. The hub is already operational with some open positions available for the natives. It then will take in more than a hundred tech professionals supported by other skilled support functions like recruitment and HR.
The crypto exchange is also exploring startup acquisitions and acquihires as a way to bolster the crypto growth in India. Coinbase takes pride in being an ambitious and fast-moving company. It, therefore, gives India’s top talents the best place for exciting and impactful career prospects. The platform gives these talents a place to impact the world through the challenging crypto scope.
The additional $1,000 incentive ensures the new hires have a way to learn more about the cryptos and use the knowledge to help build the next generation of crypto experts, impacting the whole world.
India Crypto Regulation Situation
The recent China crypto crackdown has led to a sharp focus on the Indian market. Given their proximity and being some of the largest world markets based on population, they are key to crypto placement in the world. Unlike China, India has no official stand on cryptos.
The country has had a changing view on cryptos. It was one of the first countries to accept cryptos at the launch. However, the Indian central bank then gave a directive for the population not to use digital currencies for payments. While the government supported the directive on cryptos, the Supreme Court came to the coin’s rescue by reversing the laws. It then directed the government to provide a clear direction on the position of cryptos in the country.
Well, the government is yet to give the said direction. Right now, all the country has are rumours. For example, the Indian parliament is fronting for a possible ban on cryptos. They believe the country can do with a national digital currency more than it needs crypto. However, there are various hurdles as the larger population and most investors demand crypto legalisation.
With Coinbase joining India, it is taking advantage of the open market to introduce the populace to the new form of currency. The best way to increase crypto adoption is through crypto knowledge. This it seeks to achieve through the incentives when it hires the top talents in the country. Also, by hiring top engineers and experts, the platform will remain operational even if the government opts to ban crypto.
