Coinbase to Increase Staff Strength to 1,000 in India Expansion

One of the world’s leading exchange platforms, Coinbase has announced plans to increase its full time staff from 300 to 1,000 in India unit.

Brian Armstrong, the Chief Executive Officer of the company stated in a blog post published on the company’s website and accessed by Investors King.

According to Armstrong, India is home to some of the world’s robust identity and digital payments infrastructure. This, he said if combined with India’s software talent could help accelerate web3 technology and increase the country’s economic and financial inclusion goals.

Commenting on Coinbase April 7th crypto community event in Bangalore, the CEO said he would be discussing the future of crypto and web3 in India.

He said “We will have many special guests. You may register to attend online here. Additionally, Coinbase Ventures, the investment arm of Coinbase, has partnered with Builders Tribe to host a startup pitch event on Friday, April 8th. Please visit the website to learn more about the event and apply.”

He further stated that “Coinbase Ventures has already invested $150 million in home-grown Indian technology companies in the crypto and web3 space, and is constantly identifying new opportunities to help Indian founders scale. Coinbase’s Indian tech hub was launched last year and already has over 300 full time employees across India’s state and regions. We are excited to tap into the dynamic Indian software talent to build out our products and will continue to invest heavily in our India hub. We have ambitious plans for India and seek to hire over 1,000 people in our India hub this year alone.”