Crypto salaries are contracting across roles and regions even as Bitcoin hits new highs; companies are trimming cash pay and token incentives and prioritizing structured compensation and cost discipline, per the Dragonfly 2024/2025 Crypto Compensation Report.
Pay is falling broadly across the industry
Executive pay rose slightly while entry and mid-level roles saw cuts or stagnation
Survey of 85 companies and 3,000+ roles shows hiring slowed, 54% fully remote, Asia hiring share doubled to >40%
Crypto salaries contracting despite Bitcoin highs — read how compensation, hiring, and token incentives are changing and what talent should watch next.
What are crypto salaries doing as Bitcoin reaches new highs?
Crypto salaries are broadly contracting even as Bitcoin sets record highs, with companies reducing cash pay and token incentives to restore cost discipline. The trend reflects a shift from rapid expansion to structured compensation, affecting most seniority levels except some executive roles.
How does the Dragonfly report describe the compensation shift?
The Dragonfly 2024/2025 Crypto Compensation Report, which compiled data from 85 companies and more than 3,000 roles, calls the period a “down market” for pay. Average total compensation declined across most seniority tiers, with the most severe cuts at entry level and flat growth for mid-level roles.
Hiring slowed to an average of 3.8 weeks and four interview rounds per role. Offer acceptance averaged about 68%, with pay cited as the main reason candidates declined offers.
Why are firms cutting pay and token incentives?
Companies are prioritizing sustainable operations as crypto markets and regulatory frameworks stabilize. After a period of aggressive hiring and large token grants, firms reduced rewards to manage burn and align compensation with long-term performance.
What geographic patterns are visible in hiring and pay?
Western Europe remains a dominant hub due to venture funding and regulatory clarity. The U.S. still leads in cash pay, while international teams often rely more on equity and token incentives.
Asia’s share of hiring rose sharply—from roughly 20% to over 40% of companies surveyed—reflecting diversification of talent pools. Remote work remains prevalent: 54% of firms reported being fully remote, with only 2% fully in-office.
Frequently Asked Questions
How has hiring rhythm changed in crypto?
Hiring slowed to an average of 3.8 weeks and four interview rounds per role, with about 68% of offers accepted; pay was the primary reason for declined offers.
Which teams were most affected?
Engineering represented about two-thirds of headcount and saw broad pay adjustments. Product and design roles were smaller in share, while executives experienced selective increases.
Key Takeaways
- Industry-wide pay contraction: Cash and token compensation declined across most seniority levels.
- Barbell effect: Executives gained while entry and mid-level staff faced cuts or stagnation.
- Geographic shift: Asia hiring share rose to >40%, Europe remains a stable hub, U.S. leads in cash pay.
- Remote-first: Over half of firms are fully remote, influencing geographic pay mixes.
- Data source: Findings summarized from the Dragonfly 2024/2025 Crypto Compensation Report (plain text reference).
Conclusion
Crypto compensation is normalizing: crypto salaries and token incentives have contracted as companies adopt cost discipline and structured pay. Talent should assess total compensation, token terms, and role trajectory when considering offers. Monitor regulation and market performance for signs of renewed hiring momentum.
Published: 2025-10-10 | Updated: 2025-10-10 | Author: COINOTAG