Coinbase unveiled that it will be significantly expanding its presence in India, growing both its employees and investments in the country.
Brian Armstrong, the CEO of Coinbase, laid out the company’s strategy in a blog post, saying that India has already built a robust identity and digital payments infrastructure that can be further accelerated with crypto and Web3 technology.
Coinbase wants more out of India
India’s controversial crypto tax law seems to have brought some much-needed regulatory clarity to the country, despite the overwhelmingly negative effect it had on trading volume.
With all doubts removed as to how the government sees cryptocurrency trading, Coinbase is set to significantly increase its footprint in India. The exchange announced plans to expand its global reach earlier this year by hiring over 2,000 employees.
According to Armstrong, half of those employees will come from India, where he will spend the next several weeks putting down the company’s roots. Coi
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