Coinbase Underpaid Women, Black Employees, NY Times Reports

An analysis performed by the New York Times of internal pay data at cryptocurrency exchange Coinbase unveiled disparities in salaries, showing their women and Black employees were underpaid. Coinbase Underpaid Women and Black Employees, Claims NYT Study According to the report, women employees were paid by Coinbase an average of $13,000, or 8%, which is less than men’s employees at comparable job roles within the crypto exchange. The data gathered by the NYT includes pay details of 830 employees at the end of 2018. As per an alleged unfair treatment of Black employees in terms of....

“The pay disparities at Coinbase appear to be much larger than those in the tech industry as a whole," wrote the New York Times. San Francisco-based crypto exchange Coinbase may have had a problem with paying its employees fairly based on gender and race. According to a report from The New York Times journalist Nathaniel Popper, Coinbase paid salaried Black employees roughly 7% less than people in similar positions, based on payroll data from 2018. Across the company, this averaged out to a difference of $11,500. When factoring in the firm's stock options, the gap between white and Black....

These women’s perspectives have been a game changer for the enterprise blockchain sector. Women working in the blockchain sector are still few and far between. While exact statistics are unclear, technology has, in general, remained a male-dominated field. For instance, a recent report from Deloitte found that only 7% of fintech startup founders are women. The report also noted that startups founded and co-founded by women have struggled to raise funds during the COVID-19 pandemic. Findings show that during the first six months of 2020, 20 women-led startups raised a total of $875 million.....

The letter pushes back at an unpublished article Coinbase says will allege Black employees had "negative experiences" while with the firm.

This is a guest post by Digital Currency Councilmember Amor Sexton. Western Union released a reporton the role of women in global remittances. According to the report, women currently move 50 percent of the estimated $582 billion global remittances, and they send a greater percentage of their wages than men. Women also are the largest group of recipients, receiving over two-thirds of remittances. The flow of money to these women can be a matter of life and death if they have no alternative means of earning a living. The United Nations reports that despite women working two-thirds of the....