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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
From thousands of expected hires to aggressive startup investments to localized products, the No. 2 global crypto exchange is getting serious.
Editor's note: Coinbase, the world’s second-largest cryptocurrency exchange, has slowly been increasing its presence in India over the past 10 months or so. Now, it appears the American company—with a current market capitalization of over $40 billion—is interested in taking a spot in the limelight on India’s cryptocurrency landscape, with plans to greatly expand hiring, invest aggressively in startups and work on more localized products and payment options. The company’s moves come at a time when excitement over cryptocurrencies and web3 continues to rise in India; multiple Indian startups are being founded to enter the space and investors are hunting for deals. The success of companies like Polygon, started by Indian founders and one of the most keenly watched crypto startups in the world, has spurred more action. Simultaneously, regulatory and legal ambiguity over crypto assets and investments remains a concern, along with a 30% tax on crypto gains that enthusiasts are steadily complaining about. Not to mention, competition among crypto exchanges is strong, with multiple Indian startups in the field, as well as Cayman Islands-registered Binance through local exchange WazirX, which …
From thousands of expected hires to aggressive startup investments to localized products, the No. 2 global crypto exchange is getting serious.
Editor's note: Coinbase, the world’s second-largest cryptocurrency exchange, has slowly been increasing its presence in India over the past 10 months or so. Now, it appears the American company—with a current market capitalization of over $40 billion—is interested in taking a spot in the limelight on India’s cryptocurrency landscape, with plans to greatly expand hiring, invest aggressively in startups and work on more localized products and payment options. The company’s moves come at a time when excitement over cryptocurrencies and web3 continues to rise in India; multiple Indian startups are being founded to enter the space and investors are hunting for deals. The success of companies like Polygon, started by Indian founders and one of the most keenly watched crypto startups in the world, has spurred more action. Simultaneously, regulatory and legal ambiguity over crypto assets and investments remains a concern, along with a 30% tax on crypto gains that enthusiasts are steadily complaining about. Not to mention, competition among crypto exchanges is strong, with multiple Indian startups in the field, as well as Cayman Islands-registered Binance through local exchange WazirX, which …
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The regulator’s proposals to introduce checks and safety features in instant payments, if implemented, may end up testing banks.
The feature has attracted a whole host of startups taking people for a ride. The problem is now large enough for an efficient regulator to step in.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The regulator’s proposals to introduce checks and safety features in instant payments, if implemented, may end up testing banks.
The feature has attracted a whole host of startups taking people for a ride. The problem is now large enough for an efficient regulator to step in.
