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The Nasdaq-listed cryptocurrency exchange Coinbase is actively building a cryptocurrency hub in India. The company says it has “ambitious plans” for the South Asian crypto hub and is looking to hire for many positions, including hundreds of engineers.

Coinbase published a blog post on Friday, authored by Pankaj Gupta, the company’s VP of Engineering and Site Lead in India. Gupta joined Coinbase about two months ago “to establish and lead a new tech hub for Coinbase in India,” he explained, elaborating:

There’s never been a more exciting time for builders working in crypto. This is true worldwide, but especially in India which is seeing a boom in crypto-native talent and in creating and growing important crypto projects.

“It is early days for our India tech hub but it has already taken off with an incredible amount of interest in our open roles from across India,” Gupta emphasized. He added that Coinbase is “also exploring startup acquisitions and acquihires.”

The Nasdaq-listed crypto exchange is currently hiring senior and junior roles “across product management, user experience, design and program management.” Gupta noted that the company is also “creating a core support team — in areas such as in HR and recruiting — to provide well-rounded support for our India hub.”

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The VP of Engineering further shared:

We have ambitious plans for this hub in the near future — we want to hire hundreds of world class engineers in the near term.

“As a product-led company, it’s important that our new hires in India truly understand the products and services that they are helping to deliver,” he detailed. “That’s why we’re introducing a new program called CIkka — short for ‘Coinbase India Sikka’ — offering each new employee in India a one-time $1,000 in crypto when they start.”

Coinbase officially announced its expansion into India in March. The exchange recently unveiled its plan to launch an Apple-like app store.

What do you think about Coinbase’s efforts to build a crypto hub in India? Let us know in the comments section below.

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