Coinbase, a major cryptocurrency exchange that went public on Nasdaq earlier this month, continues to actively expand in Republic of india with a new hire.

The cryptocurrency exchange has hired Pankaj Gupta, a former Google Pay applied science atomic number 82 in India and Asia Pacific, as the vice president of engineering science and site lead for India.

Announcing the news on Tuesday, Gupta said that he will be responsible for "leading and building from scratch the company's applied science hub in India." He also noted that Coinbase has started hiring in India, posting several chore applications.

Coinbase officially appear plans to plant a concern presence in Republic of india last month, expecting to open a concrete office in Hyderabad and showtime hiring talent in engineering, software development and customer support.

"The plan is to hire hundreds of employees across all levels in engineering, product management, UX design, inquiry and programme management within the next ane–2 years to build out a full tech hub in India," Gupta stated in a blog mail service.

"To back up our aggressive growth plans in India, we will also explore startup acquisitions and acquihires," he added.

Coinbase'southward expansion to Bharat comes amid significant doubt regarding the legal condition of cryptocurrency in the state. Since early 2021, several anonymous sources have disseminated rumors on a supposed upcoming crypto ban in India. Finance minister Nirmala Sitharaman afterwards stated that regulators did not want to "shut all options off" and were willing to allow "sure windows" for people to use digital avails like Bitcoin (BTC).