Coinbase Eyes Tech Talent in India as it Looks to Expand Workforce

cryptonews.com:

US-based crypto exchange giant Coinbase is looking to expand its workforce in India despite facing regulatory setbacks for its products.

The company is actively recruiting for product and technology positions, both in remote capacities and at its Bengaluru and Hyderabad locations.

Among the roles being filled are software engineers, engineering managers specializing in platform-payments, data scientists, and vendor management analysts.

Although the exact number of new hires is undisclosed, approximately 30 open positions have been listed on Coinbase’s LinkedIn page in the past three weeks.

Insiders revealed that Coinbase has recently accelerated its hiring efforts for product and tech roles, marking a notable shift in strategy.

This trend is observed not only at Coinbase but also at other cryptocurrency companies like Gemini, indicating a broader trend of establishing tech talent hubs in India.

As reported earlier, the crypto firm led by the Winklevoss twins is committing to spend $24 million in the next few years to establish its tech base in India

The latest hiring spree from Coinbase comes after multiple rounds of layoffs since 2022.

In January 2023, the company announced the dismissal of around 950 employees. In June 2022, facing challenging market conditions in the crypto business, Coinbase laid off approximately 18 percent of its global staff, with about 8 percent of the India-based workforce affected.

Since then, the company had slowed down its hiring activities and withdrew job offers.

Despite the challenges, Coinbase is persistently investing in talent acquisition, particularly in the Indian market.

The company’s journey in India has encountered difficulties, such as high taxes on crypto gains and challenges associated