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Coinbase to Woo India Recruits With $1,000 in Crypto

The exchange's aim is that recruits will use the incentive to learn about crypto.

Updated Sep 14, 2021, 1:20 p.m. Published Jul 5, 2021, 3:17 p.m.
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Coinbase is looking to hire "hundreds" of recruits for its new hub in India, and is offering an incentive of $1,000 in crypto.

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  • The aim is for recruits to "leverage this offering to learn about crypto," Pankaj Gupta, VP of engineering and site lead in India, said a blog post Friday.
  • The exchange is looking to tap the country's "world class community" of engineers, tech builders and entrepreneurs, Gupta wrote.
  • The company wants to "hire hundreds of world class engineers in the near term" to fill its Indian outpost, which currently has 20 different openings listed.
  • In March, Coinbase announced its plans to open a hub in Hyderabad, India in the face of the possibility of a ban on crypto in the country.
  • Even if an outright ban were to be passed into legislation by the Indian government – a possibility that appears to have diminished of late – it is likely that Coinbase's plans there would not be affected if operations center around engineering and software development.
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Read more: India May Have Quietly Shown Its Hand on Crypto Regulation

Higit pang Para sa Iyo

Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

Solana CME futures first-day activity compared to BTC and ETH debuts. (CME/K33 Research)

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

Ano ang dapat malaman:

  • Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
  • Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
  • Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.