- Coinbase publicly released its IPO paperwork on Feb. 25 revealing a profitable company.
- Last valued at $8 billion, it will be the first major US cryptocurrency exchange to go public.
- In 2020, Coinbase was on a hiring tear . So Insider took a look at what employees are paid.
- Visit Business Insider's homepage for more stories .
Coinbase, the popular platform used to buy, sell, and store bitcoin, ethereum, is marching its way towards becoming a public company. It filed paperwork with the Securities and Exchange Commission revealing a profitable company with tens of millions of users.
Coinbase's IPO will be highly watched because it's on track to be the first major US cryptocurrency exchange to go public.
The San Francisco company was founded in 2012 by CEO Brian Armstrong and Fred Ehrsam, its board director. The company has raised $525 million in its lifetime and was last valued at $8 billion, according to PitchBook.
In October, about 5% of Coinbase's workforce , or about 60 employees, left the company after Armstrong declared a controversial policy that banned social activism from the office. The company counted about 1,000 employees at the end of 2019, according to The New York Times .
Since the exit of those employees, the company has been on a hiring tear, multiple sources told Business Insider in October .
So how much does Coinbase pay its workers?
We can catch a quick glimpse inside the company's payroll from looking at what Coinbase pays the workers it hires from overseas. Employers have to disclose to the federal government how much they pay employees through the H-1B visa program, a major part of how tech companies recruit workers. That information is published by the Office of Foreign Labor Certification.
Insider went through data released in the third quarter of 2020 to discover how much Coinbase pays software engineers, marketing managers, and a data scientist for roles in San Francisco, Miami, New York, and Austin, Texas. When there were multiple jobs with the same title, we included a salary range. This is salary data only and does not include other compensation, such as stock. A company spokesperson declined comment.
Take a look at how much Coinbase's employees make annually.
Via PakApNews