Self-taught mostly, India's crypto coders mine sudden boom in industry

Self-taught mostly, India's crypto coders mine sudden boom in industry

author-image

Pratik Bhakta

122 reads
author-image

Pratik Bhakta

122 reads

With the buzz around crypto growing, more companies are looking to blockchain technology to ease up their backend operations. This has pushed up demand for crypto and blockchain developers in India

June 04, 2021

8 Min Read

India’s cryptocurrency entrepreneurs and coders were reportedly a brain drain risk not too long ago after the government signaled a ban on cryptocurrencies. Just months later, they are a rare species in high demand.

As companies such as US-based Coinbase, the world’s largest crypto exchange, establish development centers in India, there’s a scramble for coders with at least some expertise in these technologies. International blockchain platforms such as Tezos and Cosmos have been present in India for some time now.

Those who make the cut are pampered. Some are even paid a part of their higher-than-industry-average salaries in cryptocurrencies or tokens, particularly freelancers taking up international gigs in this highly decentralized sector. 

This when companies are also having to invest heavily on training to compensate for the lack of formal learning avenues for these technologies in the country. Even so, they are willing to deploy large budgets here as they see India, not unknown for its tech prowess, as an emerging hub for crypto and blockchain development.

share

Share this read

bookmarklike
like
bookmark
share
share-button
like-button
share-button

LatestStories

E-commerce

Premium Reads

No billion-dollar baby: Why social, video and reseller commerce players are changing course

By Aditi Shrivastava

IPO

the-crux

Delhivery’s IPO gambit pays off (kinda); Coinbase-RBI spat

By Madhav Chanchani

Investments

Premium Reads

From unicorns to early-stage startups, everyone is downsizing ambitions

By Aditi Shrivastava

HealthTech

Premium Reads

Decoding insurtechs’ big bet on wellness

By Supriya Roy

Logistics

Premium Reads

Impending divorce: How Shiprocket’s relationship with delivery partners imploded overnight

By Payal Ganguly

For subscribers only

Premium Reads

>>

View More >>

Deeply reported and objective news on the country´s fastest-growing companies and the people behind them.