Almost no one wants to be paid in crypto: Pantera survey

Specialized roles in marketing and finance see higher median salaries in the US compared to global figures, the survey found

article-image

Gorynvd/Shutterstock modified by Blockworks

share

A new survey indicates that less than 3% of professionals in the crypto industry receive compensation in the form of digital assets.

According to Pantera Capital’s latest Blockchain Compensation Survey, shared with Blockworks, 97% of the 1,600 professional respondents preferred fiat-based compensation.

Of those remaining, USDC represents roughly 56% of crypto salary payments, while USDT stood at 25%, followed by bitcoin (BTC) at 13%.

Pantera’s report provides key insights into salary trends across various roles, geographic locations and company maturity stages.

In the US, executive salaries range from an average of $147,363 at seed-stage startups to $335,400 for those at Series C and beyond.

Likewise, specialized roles in marketing and finance also see higher median salaries in the US compared to global figures, with marketers earning a median salary of $135,000 versus a global $100,000.

Compensation for business development roles globally centers at a median base salary of $115,000, with US professionals averaging $140,000. Senior-level employees in business development can make as much as $275,000. 

Product management professionals, in a similar vein, show median base salaries ranging from $115,000 in early career to $187,500 for senior positions within the US. 

Encompassing roles from customer support to strategy, the operations sector sees a median US base salary of $110,000, peaking at $344,000 for the highest earners.

The legal landscape, influenced by recent regulatory turbulence, shows the median base salary for senior legal roles in the US standing at $225,000, scaling up to $370,000 at the top echelons.

The crypto sector has also overwhelmingly adopted remote work, the survey found, with more than 87% of all roles falling within a work-from-home capacity.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Permissionless is a conference for founders, application developers, and users. Come meet the next generation of people building and using crypto.

recent research

Research Report Templates (1).png

Research

Solana Mobile is a highly ambitious foray into the mobile consumer hardware market, seeking to open up a crypto-native distribution channel for mobile-first applications. The market for Solana Mobile devices has demonstrated a phenomenon whereby external market actors (e.g. Solana-native projects) continuously underwrite subsidies to Mobile consumers. The value of these subsidies, coming in the form of airdrops, trial programs, and exclusive NFT mints, have consistently covered the cost of the phone and generated positive returns for consumers. Given this trend in subsidies, the unit economics in the market for Mobile devices, and the initial growth rate and trajectory of sales, it should be expected that Solana mobile can clear 1M to 10M units over the coming years. As more devices circulate amongst users, Solana Mobile presents a promising venue for the emergence of killer-applications uniquely enabled by this mobile-first, crypto-native distribution channel.

article-image

Plus, breaking down Donald Trump’s shifting crypto stance

article-image

Markets are holding relatively steady despite the supply shock

article-image

Analysts are looking ahead to August, a historically volatile month made more interesting this year by the US presidential election

article-image

Plus, a look into Lighting Labs’ newest feature

article-image

Crypto’s Wild West era is over — it’s time to embrace regulation to secure the future of digital assets

article-image

Plus, Solana has now surpassed Ethereum in trailing 30-day decentralized exchange volume