America’s largest Bitcoin exchange Coinbase pays women and Black employees less. The pay gap is significantly larger than in the fintech industry overall, according to the New York Times.
NEW: We were sent a trove of inside data on what Coinbase pays its employees.
We had an economist crunch the numbers.
The upshot: women and Black employees across the company earned far less than their colleagues in similar jobs.https://t.co/DAycaw564S
— Nathaniel Popper (@nathanielpopper) December 29, 2020
The data collected by NYT reporter Nathaniel Popper include the salaries of most Coinbase employees as of the end of 2018, around 830 people at that time.
Women at Coinbase were paid 8% less than men in comparable roles. Black employees were paid 7% less than other workers for similar work.
Overall, Black employees and women were not subjected to widespread discrimination. The outlet notes that minority salaries were only 0.1% lower than those of their peers in the technology industry for similar roles.
After publication, Coinbase’s Chief People Officer L. Дж. Брок опубликовал заявление, stating that the company “is committed to ensuring equal pay for equal work under a program adopted in 2018.”
That is not the first such accusation against Coinbase. In November, Nathaniel Popper argued that California-based were subjected to discrimination. Coinbase vigorously denied these allegations.
Even before the November NY Times article, five per cent of the exchange’s staff left due to disagreement with the company’s new mission. Coinbase CEO Brian Armstrong заявил in September that the company would refrain from participating in discussions on political and social issues unless they directly affect the cryptocurrency industry.
In December, Coinbase filed with the U.S. Securities and Exchange Commission (SEC) заявление о проведении первичного предложения акций.
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