Kraken operates in over 60 countries (according to their website). They pay the same amount across all those territories, including benefits etc.? I find that hard to believe.
For engineering/product etc. that's the case. Doesn't matter if you move from San Francisco to Thailand or some other low cost of living area, your pay remains the same.
Why? If both do the same work in the same location, why would one get more than the other.
Either you don't adjust the pay when they move because you are already paying everyone an equal salary. Or you adjust it and pay everyone a local salary.
If both do the same work in the same location, why would one get more than the other.
I totally agree. But kirbypineapple's point was about someone's salary not being cut when they move. That's much less interesting than someone in Thailand getting the Bay Area salary when they're hired.
If Kraken pays the same salary for a role regardless of location when they're hiring then that's awesome. I would find that incredibly surprising though, if only because advertising a role on 50* the typical local salary would make hiring really hard because you'd be swamped with low quality applications.