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The humbling of Coinbase

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David Yaffe-Bellany and Mike IsaacBrian Armstrong, CEO of the largest cryptocurrency exchange in the United States, traveled across the world to make an announcement in early April: Coinbase was bringing crypto to India.

In an auditorium in Bangalore, Armstrong, wearing a type of loose buttoned shirt popular in India, said Coinbase planned to set up a hub of 1,000 employees there by the end of this year.The company was investing in Indian startups and allowing local customers to buy and sell digital currencies on its exchange.

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