Hardeep Singh
Surojit Chatterjee, the Chief Product Officer (CPO) of Coinbase and a former Googler and Flipkartian, spoke extensively about his career as a product manager, his role at Coinbase, the Indian crypto market, and other issues.
Coinbase is a cryptocurrency exchange based in San Francisco that is backed by prominent investors. Coinbase is the world’s largest Bitcoin exchange and a broker. You make buy and sell offers to other platform users through their exchange, Coinbase Pro, and Coinbase receives a cut of the transactions. It is headquartered in Wilmington, Delaware, United States.
While no online exchange can guarantee the safety of your cash, Coinbase’s web wallet is one of the safest you can use since it keeps 98 per cent of its assets in offline cold storage where hackers cannot access them.
A cryptocurrency is digital or virtual money that is encrypted to prevent counterfeiting and duplication of expenditures. Several cryptocurrencies employ blockchain technology, which is a distributed ledger enforced by a network of computers. Cryptocurrencies differ from traditional currencies in that they are not issued by a central authority, making them less vulnerable to government intervention.
Online payment systems that usesvirtual “tokens” determined by ledger entries on the system’s internal ledger are known as cryptocurrencies. The term “crypto” encompasses a wide range of encryption techniques and approaches, including elliptical curve encryption, public-private key pairs, and hashing algorithms. Bitcoin was the first blockchain-based cryptocurrency, and it is still the most widely used and lucrative. Varieties of cryptocurrencies exist today, each with its own set of features and requirements. Some are Bitcoin forks or clones, while others are whole new currencies created from the ground up.
Surojit Chatterjee had no clue that his money would rise to over Rs 5,000 crore (or $646 million) in 15 months when he joined Coinbase, the largest US crypto exchange, in February 2020.
As the Chief Product Officer (CPO) and an ex-Googler and Flipkartian, his Coinbase share was valued at about $180.8 million on the first day of trading on Nasdaq in April 14, 2021. He will also receive $465.5 million in share options over the next five years, according to Bloomberg projections.
Surojit grew up in a middle-class household in a remote Indian village, and his desire to develop his life was to go to college. As a consequence of this, he went to the Indian Institute of Technology (IIT) Kharagpur for his B.Tech Computer Science, the University of Buffalo for his MS, and the Massachusetts Institute of Technology (MIT) Sloan School of Management (MBA). He’s held senior positions in companies including Oracle, Google, and Flipkart, covering engineering and product development.
Surojit was employed at Flipkart at the time of the demonetisation. Everyone was taken aback by the news. It was a big concern because the majority of their business (Flipkart) was based on cash on delivery. It was also a big difficulty for individuals like his father, who grew up in a rural town and had never used a credit or debit card.
At this time, he began researching bitcoin and making the decision to purchase bitcoin. He proceeded to amass bitcoin over time. As a result, when he initially met with Coinbase in 2019, he was ecstatic about the opportunity and the company’s trajectory. He believes that once cryptocurrency enters the utility phase, India’s startup environment and the developer community would see fast development. He argues that cryptocurrency can provide financial services to a large number of Indians not just in India, but throughout the world and advises today’s product managers to think about where they are in their careers, seek out intriguing challenges, take chances, and instil a desire to learn new things rather than focusing on titles and pay. The second point to remember is to focus on developing abilities and empathising with customers: learning from others, motivating others with your vision, and being ready to delve into the details are all important considerations. He went on to say that two of Coinbase’s main culture pillars are repeatable innovation and efficient execution.
If you’re new to bitcoin and cryptocurrency, Coinbase is an excellent place to start because it supports a broad selection of popular cryptocurrencies, has a strong security track record, and costs reasonable fees. Coinbase, located in San Francisco, is a well-known bitcoin wallet and exchange.
The appeal of Coinbase derives from the fact that it offers a safe and secure way to invest in and trade cryptocurrencies. Coinbase now supports over 25 different coins. An effective learning environment is created by a user interface with a basic user interface. Anyone with a Coinbase account may utilise Coinbase Pro, which has reduced fees and more features and is completely free to use.
