Coinbase has announced its entry into the Indian crypto market. The company will host a crypto community event in Bangalore to discuss the future of crypto and web3 in India. Additionally, Coinbase Ventures, the investment arm of Coinbase, has partnered with Builders Tribe to host a startup pitch event on Friday, April 8th. The company has ambitious plans for India and seeks to hire over 1,000 people this year.

Coinbase has taken cognisance of India’s robust identity and digital payments infrastructure implemented at a rapid scale and speed. Combined with India’s world-class software talent, Coinbase believes crypto and web3 technology can help accelerate India’s economic and financial inclusion goals.

Coinbase Ventures has already invested USD 150 million in home-grown Indian technology companies in the crypto and web3 space and is identifying new opportunities to help Indian founders scale. Coinbase’s Indian tech hub was launched last year and already has over 300 full-time employees.