Pankaj Gupta, former Google executive has reportedly joined Coinbase, the leading cryptocurrency exchange platform as its Vice President, Engineering and Site Lead, India. The company is also set to hire as many as several hundreds of employees across multiple roles within the next one-two years.
Gupta, who was earlier leading Google Pay Engineering in India and APAC region, stated that India has top-class tech expertise and also some of the most intelligent minds in the industry. The cryptocurrency exchange platform intends to tap as well as develop this local talent.
In particular, the plan is to hire as many as hundreds of employees in all levels, including program management, UX design, product management, research, and engineering in the next one or two years, building the firm’s full tech hub in India.
Gupta added that the firm would also work on some of the most exciting challenges covering the complete modern tech stack, which includes deep tech areas such as machine learning, infrastructure, data engineering, and blockchains among others. Coinbase would also explore acqui-hires as well as startup acquisitions.
Recently, Silicon Valley-based Coinbase had a successful debut in the US stock exchange NASDAQ lately with an overall valuation of $86 billion. On 25th March, Coinbase stated that it will set up its site in Hyderabad and would hire new talents even as questions around the cryptocurrency regulation continues.
Back then the firm stated that it expects to open up a physical office, primarily in Hyderabad, for employees working in India as COVID-19-related situations allow.
Coinbase added that in addition to actively hiring in the Philippines, Canada, Singapore, Japan, Ireland, the UK and the US, establishing a strong presence in India is another essential step to build more geographic diversity in its remote-first staff.
This comes at a time when the government of India is considering a ban on cryptocurrency, which the firm stated might be a hindering factor. Chairman, Infosys, Nandan Nilekani, stated that people of India must be allowed to have crypto basically as an asset class.