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<ul class="summary-list"><li><keyword id="6416838" type="PERSON" weightage="60" keywordseo="coindcx">CoinDCX</keyword>, <keyword id="3658" type="COUNTRY" weightage="60" keywordseo="India">India</keyword>'s biggest <keyword id="2721952" type="PERSON" weightage="60" keywordseo="crypto">crypto</keyword> exchange, announced on Tuesday a fresh valuation of $1.1 billion as crypto has grown parabolically in the country, according to a Bloomberg report.</li><li>The new valuation cements the firm's status as India's first crypto <keyword id="152045" type="ORGANIZATION" weightage="60" keywordseo="Unicorn">unicorn</keyword> and comes as investment in the country's digital-asset space has multiplied seven-fold in the past year.</li><li>In an interview with Insider, co-founder and CTO Neeraj Khandelwal said that his company, just founded in 2018, had global ambitions.</li></ul>CoinDCX, an Indian crypto exchange backed by <a href="https://markets.businessinsider.com/stocks/fb-stock">Facebook</a> co-founder Eduardo Saverin, announced on Tuesday a fresh valuation of $1.1 billion as crypto has grown parabolically in the country, according to a <a href="https://www.bloomberg.com/news/articles/2021-08-10/saverin-backed-exchange-becomes-india-s-first-crypto-unicorn#:~:text=CoinDCX%20became%20India's%20first%20cryptocurrency,push%20back%20against%20crypto%20assets.ets.">Bloomberg report</a>.In an interview with Insider, co-founder and CTO Neeraj Khandelwal said that his company, founded in 2018 and already the biggest crypto firm in India, had global ambitions. "We have customers from more than 65 countries, even though we have never marketed ourselves outside India," said Khandelwal. "That is why we are investing as a company in launching a global platform."The company's "liquidity aggregation" model pools orders from several exchanges via a single wallet on CoinDCX. Other exchanges have employed such a system, but CoinDCX is the first to do so for a broad retail audience alongside standard features like margin trading, Khandelwal said.CoinDCX's new valuation cements its status as India's first crypto unicorn and comes as investment in the country's digital-asset space has multiplied seven-fold in the past year, according to Chainalysis data cited by Bloomberg.For years, the Indian government has appeared to fall squarely in the crypto-skeptical camp, alongside the likes of China and Russia. In 2018, the central bank of India banned banks from dealing with crypto companies, though this was later struck down by the supreme court. Parliament is currently considering a full ban on the asset class.But Khandelwal seemed more sanguine, telling Insider that many in government - aside from the central bank - are changing their tune on crypto, pointing to a growing effort to replace bans with regulation."In the corridors of the government, <a href="https://markets.businessinsider.com/currencies/btc-usd">bitcoin</a> and cryptocurrencies are simply this new technology which India is crazy about," he said. "India certainly does not want to go the China way."

An Eduardo Saverin-backed exchange just became India's first crypto unicorn amid surging interest

<ul class="summary-list"><li><keyword id="1972612" type="PERSON" weightage="60" keywordseo="Coinbase">Coinbase</keyword> will recruit hundreds of "world-class" <keyword id="54038" type="ORGANIZATION" weightage="60" keywordseo="engineers">engineers</keyword> for its new Indian tech hub, it said Friday.</li><li>New starters will get $1,000 in digital currency, in hopes they'll use it to learn about crypto.</li><li>The crypto exchange is also exploring acquisition of start-ups in <keyword id="3658" type="COUNTRY" weightage="60" keywordseo="India">India</keyword> as part of the push.</li></ul>Coinbase plans to hire hundreds of engineers and other staff for its tech hub in India, who will each be given $1,000 in <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite" id="docs-internal-guid-02461d21-7fff-c698-b06f-fea9229f7950">cryptocurrency</a> when they start, the crypto exchange company said in a <a href="https://blog.coinbase.com/building-crypto-out-of-india-5cd5afa6d884">blog post Friday</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<a href="https://blog.coinbase.com/coinbase-is-now-hiring-in-india-23d02803568"> March</a>, 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 <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite" id="docs-internal-guid-9226fefc-7fff-a4ad-eafd-db4241ac476c">crypto</a> 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 works in, from crypto to cloud, to machine learning to platform. While, they will be involved in both global and local projects, crypto investing in India also grew from $923 million until April 2020 to <a href="https://www.bloomberg.com/news/articles/2021-06-28/even-gold-obsessed-indians-are-now-pouring-billions-into-crypto">nearly $6.6 billion</a> in May, Bloomberg reported. "There's never been a more exciting time for builders working in crypto," Gupta said. As part of the expansion in India, Coinbase is looking into possible start-up acquisitions and "acquihires" - where a company is bought to secure its talent - Gupta said. Crypto adoption has grown worldwide, driven by increased popularity for decentralized finance, <a href="https://www.businessinsider.com/how-smart-contracts-can-work-2018-10">smart contracts </a>and <a href="https://markets.businessinsider.com/currencies/news/katy-perry-is-selling-her-own-nfts-on-a-video-streaming-platform-2021-7">non-fungible tokens</a>, which like bitcoin and ether are built on blockchains. The <keyword id="6357342" type="UNKNOWN" weightage="60" keywordseo="Hiring">hiring</keyword> spree covers senior and junior roles across product management, user experience, design and program management. There will also be a HR and recruitment team. India marked the next step in the company's global mission as it has already opened hubs in the US, the UK, Ireland, Japan, Singapore, Canada and the Philippines. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/chinas-crypto-crackdown-is-not-with-bitcoin-mining-only-stablecoins-software-influencers-are-also-on-its-radar/articleshow/84229285.cms">China’s crypto crackdown is not likely to stop with Bitcoin mining — stablecoins, software, influencers are also on its radar</a> <a href="https://www.businessinsider.in/cryptocurrency/news/cryptocurrencies-exchanges-can-run-into-trouble-with-investors/articleshow/84205889.cms">Cryptocurrencies aren't all diamonds and roses — lawsuits from people who lost big are piling up with exchanges</a> <a href="https://www.businessinsider.in/cryptocurrency/news/crypto-sports-sponsorships-are-heating-up-again-as-ufc-bags-a-multi-million-dollar-deal-from-crypto-com/articleshow/84229910.cms">Crypto sports sponsorships are heating up again with multi-million dollar deals on the table</a> <a href="https://www.businessinsider.in/cryptocurrency/news/ceo-of-the-worlds-largest-cryptocurrency-said-that-financial-assets-like-cryptocurrencies-only-come-along-once-in-a-generation/articleshow/84164488.cms">The CEO of the world’s largest cryptocurrency asset manager reckons that crypto as an asset class is ‘here to stay’ — Here are 12 of his best quotes</a>

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

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An Eduardo Saverin-backed exchange just became India's first crypto unicorn amid surging interest

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

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