In a recent annual ranking published by Linkedin, Coinbase has made it to the list of the top 50 companies to work for in the US. Coinbase is the only cryptocurrency and blockchain company that made it on the list.
The exclusive list is prepared after analyzing four main pillars. The pillars are:
- Interest in the company – measured by unique, non-employee new follows of the company’s LinkedIn page;
- Engagement with the company’s employees – looks at how many non-employees are viewing unique employees at the company;
- Job demand – counts the rate at which people are viewing and applying to jobs at the company, including both paid and unpaid job postings on LinkedIn;
- Employee retention – measures how many employees are still at the company at least one year after their date of hire, based on LinkedIn member profiles.
To be eligible, companies must have at least 500 employees as of Feb. 1, 2019, and must have flat or positive employment growth over the 12 months (Feb. 1, 2018, through Jan. 31, 2019).
Coinbase has ranked 35th in the list, notably above big companies like Twitter, Intel, GE, JP Morgan Chase &Co, etc. Coinbase also happens to be one of only 2 in the list with under 1000 employees.
Founded in June of 2012, Coinbase is a digital currency platform where merchants and consumers can transact with new digital currencies. Headquartered in San Fransisco, Coinbase serves 32 countries and has a revenue of approximately $1 Billion.
Coinbase is a torchbearer when it comes to employee benefits, some notable initiatives include:
- 40% of employees at Coinbase have some percentage of pay allocated to bitcoin;
- Plans to offer employees a way to be paid in additional cryptocurrencies, such as ethereum or litecoin, in the future;
- Flexible working options (Work From Home);
- Gives new employees some cryptocurrency to “play with” which is the best training a new employee can receive;
- Coinbase has a CryptoClub that keeps office hours for employee education on what is occurring in the market;
- A weekly coding school covering the technical aspects of the industry;
- “Coinbase University,” a lecture series on the history of money and digital currency topics;
- Employees are offered up to $5,000 a year for personal treatments such as egg-freezing—allowing women to focus on their career for a period and start a family later;
- Plans to offer 401(k) matching in 2018, a benefit many small companies do not offer.
Coinbase has always been a gamechanger, most recent innovation includes
- Listing Stellar Lumens and Giving Away $100 Million in XLM to Users Who Study the Stellar Protocol
- Coinbase Custody Launching Tezos Cold Storage Staking Services
- Coinbase revealed that it has insurance against its hot wallet cryptocurrency holdings valued at $255 million.
Though Coinbase also recently has seen its own share of controversies regarding the Neutrino acquisition, it needs to be seen whether CEO Brain Armstrong can steer Coinbase through the initial turbulence towards an exciting future.