CoinSwitch Plans To Double Headcount, Build India’s web3 Ecosystem

CoinSwitch Kuber India

CoinSwitch, India’s largest Crypto investing app, plans to be 1000 employees strong by the end of 2022. The company plans to hire across levels with a key focus on engineering, information security, product and analytics. Founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari as an aggregator, CoinSwitch launched CoinSwitch Kuber for India in June 2020 to create simplified crypto investing ecosystem and enable users to start their crypto investing journey in a safe and secure manner.

CoinSwitch has hired 500 people since its India launch in June 2020

“The new Internet wave is here and the future big tech companies will be built on Web3. India is a talent-rich country and we would like to play an active role in hiring the best minds and preparing them to make India the largest hub of web3 specialists. Our hiring process is designed to ensure we hire the best candidates, nurture and induct them to build for the future”, said Ashish Singhal, Co-Founder and CEO of CoinSwitch.

The company grew its registered user base from 1 million to 14 million between  January 2021 to January 2022 and currently stands at 18 million. During this period, CoinSwitch also became a source of learning for crypto enthusiasts, as it ramped up its efforts to educate users on the art of investing and the world of crypto. An average user spent 27 minutes on the app to not just buy, trade, and sell crypto assets but also read informative articles on the platform, a sharp rise from 13 minutes at the beginning of the year.

The crypto-first company will be evolving into a wealth tech platform this year with non-crypto offerings soon.

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