Just recently, Coinbase has made a huge announcement for the cryptocurrency community in India. Coinbase, which is one of the largest cryptocurrency exchanges in the entire crypto-verse has made an announcement about its office. The exchange officials have confirmed that it is currently in the process of opening up an office in India.

Following the announcement of opening up an office in India, the local media sources have also started adding more details to the matter. It has been revealed that Coinbase has already started posting job openings for its office in India. According to the job post, Coinbase is looking for talents from India who will be responsible for running operations for the crypto-exchange based in India.

There is one major concern and that is the final decision from the government in regards to the fate of the crypto-industry in the country. At present, the government of India is in the middle of deciding whether it will ban cryptocurrencies in the country for good or not.

However, the inside sources have claimed that the Indian government has already decided the fate of cryptocurrencies. As per sources, who requested to keep their identities anonymous, have claimed that the government will ban cryptocurrencies entirely in India.

Even though the risk is very high, Coinbase has decided to take the step and see exactly what happens in the upcoming days. Coinbase has ignored such rumors and has officially announced that it expanding its business in the country.

While making the announcement of the launch of the India-based office, the executives at Coinbase also talked about the expansion of their company in India.

The executives stated that India is one of the fastest-growing countries in South Asia and has gained a lot of success in the IT and Engineering sector. This means that the people in the country are very much into technology, which would make it easier for them to get used to cryptocurrency and blockchain technology.

It is currently one of the biggest markets in the entire world when it comes to crypto-blockchain adoption as it has the second-largest popularity in the entire world.

This is the reason why Coinbase is extremely excited and anxious to see exactly how its journey goes in India. The cryptocurrency exchange’s executives have really high hopes with the technological affinity and advancement of the country.

They also commented that they are confident that they will get positive feedback and a lot of adoption from India. All they need to do from their end is to set up quality, IT, Engineering teams, and Customer Support, and the exchange’s operations will be all-set.

As per Coinbase, it has a lot of high-hopes and confidence in the engineering and IT expertise from the country and they will not be proven wrong.