Coinbase has hired Arnab Kumar, former executive at Prosus Ventures, in the latest push to relaunch its eponymous cryptocurrency exchange in India.
Kumar, who has previously also worked at influential think tank Niti Aayog and Deutsche Bank, is joining the exchange as director of India market expansion, a spokesperson said in an email. At Niti Aayog, Kumar was instrumental in conceptualising, overseeing and liaising with different ministries for Covid contact tracing app Aarogya Setu, a person familiar with the matter told TechCrunch.
The development comes at a time when Coinbase said it is shrinking its global workforce by nearly a fifth as it prepares to navigate the crypto winter. A company spokesperson said the recent layoff affected only 8% of its India staff.
Coi …
