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Coinbase Boosts Compensation, Will No Longer Negotiate During Hiring
Coinbase said in a blog post it's eliminating negotiations on salary and equity from its recruiting process.
Updated Sep 14, 2021, 12:53 p.m. Published May 10, 2021, 9:31 p.m.
In a series of changes affecting compensation and incentives at the cryptocurrency exchange, Coinbase said it's eliminating negotiations on salary and equity from its recruiting process.
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- In a blog post Monday, Coinbase also said it has increased cash and equity compensation from the 50th percentile among the company's peers to the 75th across the entire firm.
- Last week, Coinbase announced it is shutting the San Francisco office that once served as the company headquarters at least partly on the grounds the move will allow employees at any location to advance.
Read more: Coinbase to Close Its Former HQ Office in San Francisco to ‘Decentralize’ Workforce
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Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
What to know:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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