He Yi, the co-founder of the cryptocurrency exchange Binance, revealed the distribution of Binance's year-end bonuses in an internal group chat on New Year's Eve, which sparked heated discussions on the internet. According to He Yi, Binance's year-end bonus distribution is as follows:
- 3,271 employees received a year-end bonus of over 1.5 million NTD (approximately $45,000 USD).
- 172 employees received a year-end bonus of over 15 million NTD (approximately $450,000 USD).
- The highest bonus reached 102 million NTD (approximately $4.6 million USD).
Additionally, He Yi mentioned that Binance currently has around 5,049 employees undergoing year-end performance reviews, which means that over 65% of the employees received a year-end bonus of at least 1.5 million NTD, and more than 3% of the employees received a bonus of nearly 15 million NTD.
Netizens' Reactions Polarized: Envy vs. Doubt
Although the scale of these year-end bonuses may not be the highest compared to traditional finance and the tech industry, it has still sparked a heated discussion in the community, with polarized voices emerging.
Envious Camp: Cryptocurrency is Still a Lucrative Industry
Many netizens expressed that these year-end bonuses are essentially "heaven-sent for employees," with some even exclaiming: "As long as you work at Binance, you can basically get a year-end bonus of over 1.5 million NTD!"
- "These bonuses would be considered top-tier even in the traditional tech industry. No wonder so many people want to get into the cryptocurrency industry."
- "No matter how the market drops, Binance is still making money. I just want to ask if they have any job openings now?"
Doubtful Camp: Are the Bonuses from Retail Investors' Tears?
However, another group of netizens believes that the source of these high bonuses is worth discussing, with some even directly pointing out: "These bonuses are essentially the transaction fees and liquidation funds of retail investors."
- "Binance has been making a killing on transaction fees in recent years, and all this money has become the employees' bonuses. What are retail investors even doing?"
- "You get the year-end bonus, and I get liquidated. Binance is truly the biggest winner."
- "Can they use some of this money to compensate the victims of FTX?"
Binance's Year-End Bonus vs. Tech Giants: Is it Considered High?
Some netizens also compared Binance's incentive mechanism to traditional tech giants, believing that while Binance's bonuses are generous, they still do not surpass the compensation packages of Silicon Valley giants.
For example, core engineers at companies like Google, Meta, and Apple typically have annual salaries ranging from $300,000 to $500,000 USD (approximately 9 million to 15 million NTD), in addition to profit-sharing and stock incentives, resulting in truly staggering total compensation.
Furthermore, while the tech industry also faces the risk of layoffs, the overall stability is still higher compared to the regulatory risks faced by the cryptocurrency industry. As one netizen directly stated: "Binance's bonuses are indeed very high, but the risks are several times that of the traditional tech industry. Is this kind of salary really worth bragging about?"
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