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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.
Coinbase CEO Brian Armstrong
Coinbase CEO Brian Armstrong

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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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

Solana CME futures first-day activity compared to BTC and ETH debuts. (CME/K33 Research)

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

What to know:

  • Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
  • Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
  • Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.