Coinbase gears up to hire hundreds of engineers in India, with a sweetener of $1,000 in crypto for new starters

Coinbase gears up to hire hundreds of engineers in India, with a sweetener of $1,000 in crypto for new starters

Coinbase plans to hire hundreds of engineers and other staff for its tech hub in India, who will each be given $1,000 in cryptocurrency when they start, the crypto exchange company said in a . A "boom in cryptonative talent" prompted the recruitment spree, Pankaj Gupta, Coinbase's site lead in India wrote in the post. The Indian hub, announced in , will house engineering, software development, IT services and customer support. Employees will work remotely, at first, given pandemic concerns, but Coinbase expects to open its first physical office of many in Hyderabad. "We have ambitious plans for this hub in the near future - we want to hire hundreds of world class engineers in the near term," Gupta wrote. The $1,000 in crypto handed to new employees under the CIkka program - short for "Coinbase India Sikka" - is meant to inspire them to come up with ideas to develop the crypto exchange's range of services. "Our expectation is that they'll leverage this offering to learn about crypto, and will use this knowledge to help us build the next generation of products," Gupta said. Coinbase plans to set up locally-led teams in India across all the major areas it