On Nov. 27, The New York Times posted a record detailing claims of racism at US trade Coinbase. The story preempted a response from Coinbase CEO Brian Armstrong, who denied the allegations in a weblog put up posted on Nov. 26.
● NYT reporter Nathaniel Popper spoke to numerous cutting-edge and former Coinbase employees, all African-American, about their experiences at the company
● The 15 individuals, many of whom have because left the company, had spoken to the HR branch about racist or discriminatory treatment; these personnel had departed in late 2018 or early 2019
● Stated discriminatory movements consist of exclusion from conferences and conversations, whilst one manager reportedly requested an worker whether or not she used to be “dealing tablets and carrying a gun”
● A spokesperson from Coinbase stated there had solely been three authentic complaints regarding racism between 2018 and 2019; all of these complaints have been determined to be unsubstantiated
● Coinbase has been on the receiving of a lot of criticism this year, such as for an “apolitical stance” amidst Silicon Valley’s growing political positioning
● Over 60 personnel have resigned considering that weblog post, perceiving the lack of a stance as a lack of challenge