Binance, Coinbase And Others Have The Most Unhappy Employees: Data Reveals

Data from a job review platform Glassdoor shows that some employees at crypto exchanges like Gemini, Binance, and Coinbase are not very happy. The information comes from a chart made by tech recruitment firm TrueUp. The chart compares worker happiness and company growth in 27 top cryptocurrency companies.

According to the chart, the least happy employees work at Celsius, a now-closed crypto lender, crypto exchange Gemini, and crypto trading firm Amber Group. Binance and Coinbase also showed lower levels of happiness based on 1,257 reviews.

Glassdoor doesn't measure happiness directly but looks at if workers would recommend the company to a friend, if they like their CEO, and if they think the company has a bright future.

A representative from Binance explained that the company values high performance and a strong focus on users. They said some employees may not be built for this challenging, fast-paced environment, leading to negative reviews. But Binance sees this feedback as a chance to improve.

There are concerns about the reliability of Glassdoor reviews because they are submitted by users and can be easily faked. Glassdoor says it checks every review before publishing it.

Neil Dundon, founder of CryptoRecruit, believes the data shows that employees at companies building blockchain infrastructure might be happier than those at exchanges. He suggests that large layoffs at top firms might also influence the data.