Saturday, January 28, 2023

Indian Crypto Exchanges Hiring New Talents

The cryptocurrency market is slowly growing in India. People are not only eager to invest in virtual currencies but also are trying to find a job in this industry. Today, many Indian crypto exchanges and companies dealing in cryptocurrencies are fulfilling their dreams by announcing job opportunities for the people.

Crypto exchanges like Coinbase, CoinDCX, WazirX, CoinSwitch Kuber and many more are currently, in a hiring frenzy. The companies are even ready to offer double salary to a person. The marquee companies have also announced to increase the Employee Stock Option Plans of an employee.

In the past few years, user registration on crypto exchanges have experienced a huge surge. Even the transaction volume of some of the exchanges have reached 200 percent.

A few days ago, a report was published citing former Google Pay executive being hired by Coinbase to handle the company’s operations in India. Apart from this, other crypto exchanges have also opened up their hiring drive to appoint a team with a special focus on public policy, tech developers and marketing talent.

India’s largest crypto exchange, CoinDCX, has also doubled its workforce to enhance its working system. By September 2020, CoinDCX had 65 employees which by March 2021, has grown to 120.

The head of Human Resources at CoinDCX, Mudita Chauhan, recently said that every month the company hires 15 employees on average. The company basically hires employees to increase its technical team, as they could help CoinDCX in upgrading its offerings. Chauhan specified that the company is hiring a huge number of employees for itself and by the end of 2021, CoinDCX’s workforce would be over 200 employees.

Another one of the best crypto exchanges of India, WazirX, is also expanding its team. The company had 35 employees in December 2020, but today its workforce has reached 110.

The CEO of WazirX, Nischal Shetty, while talking about the hiring drive of his company, said, “We do not mind paying 30%-80% or even 100% higher to acquire exclusive and quality talent. However, it will depend and differ from role to role. And the need of the hour is efficient software developers who will simplify the buying and selling process on our platform for our rapidly increasing user base.”

As per the WazirX, in March 2021, the transaction volume of the exchange reached $280 million per day and it is still growing. A week ago the transaction volume of the exchange reached an all-time high of $370 million per day.

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