Analysts at Business Insider studied the salaries Coinbase, the Bitcoin exchange, offered to some specialists. Thus, a backend engineer was promised $160,000 per year.
The publication stressed that only H-1B visas were considered. This is a nonimmigrant visa that allows highly specialized professionals to work in the United States for a limited period. The data include only salary information, with no compensation, bonuses or benefits.
According to the analysts, Coinbase submitted the largest number of H-1B petitions among cryptocurrency companies. The publication cited several positions with high salaries:
- business analyst — $148,500 per year;
- junior business development manager — $140,000;
- Data Scientist — $160,000;
- HR manager — $125,100–$135,000;
- senior development manager — $260,000;
- senior recruiter — $155,015.
One Twitter user noted that salaries increase severalfold with bonuses. For example, the base salary of an entry-level software engineer at $135,000 climbs to $187,000. At the top end, the total can reach $505,000.
It does seem *much* better when you include equity and bonus. Plus the equity is liquid now.https://t.co/qfymz3MpEa
— Alex (@a_constant_in) November 11, 2021
In April, Business Insider studied around 100 H-1B visas for roles mentioning blockchain or cryptocurrency. At that time, a distributed ledger technology consultant was offered about $100,000, and a financial analyst—$312,000.
In the run-up to its direct listing on Nasdaq, Coinbase distributed to each of its 1700 full-time employees 100 shares.
In June the Bitcoin exchange opened a technology centre in India and sought to attract talented specialists one-off payments in cryptocurrency.
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