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Coinbase to set up base in Hyderabad, hire staff despite uncertainty around cryptocurrency regulation

The company is looking at establishing base in Hyderabad, where it will set up IT services, including engineering, software development and customer support operations.

March 25, 2021 / 06:54 PM IST
Coinbase

Coinbase

The US-based cryptocurrency exchange Coinbase has decided to set up its base in Hyderabad and will hire talents even as uncertainty around the regulation for cryptocurrency continues.

“We are happy to announce that Coinbase is establishing a business presence in India. By housing some IT services, including engineering, software development and customer support operations in India, we will benefit from its huge pool of world-class engineering talent,” the company said in its blog on March 25.

“We expect to open a physical office, initially in Hyderabad, for Indian employees as COVID-related conditions allow,” the company said.

The company, founded in 2012, is planning to list in the US exchanges. It exchanges cryptocurrencies like Bitcoins and Ethereum, and has 43 million users.