Cryptocurrency Start-Up Underpaid Women and Black Employees, Data Shows

An analysis of internal pay data at the San Francisco company Coinbase shows disparities that were much larger than those in the tech industry.


By Nathaniel Popper

The fast-growing cryptocurrency start-up Coinbase has been rattled in recent months by tensions between executives and employees who said they were being treated unfairly because of their race or gender.

While management at the company has argued that the complaints were limited to a handful of employees, Coinbase’s own compensation data suggests that inequitable treatment of women and Black workers went far beyond a few disgruntled workers.

The data, recently obtained by The New York Times, indicated that women at Coinbase were paid an average of $13,000, or 8 percent, less than men at a comparable jobs and ranks within the company, according to an analysis of the figures, which included pay details for most of Coinbase’s roughly 830 employees at the end of 2018.

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