Key Takeaways
- Crypto financial services provider Bitcoin Suisse is eliminating as many as 60 positions from its 120-person Swiss team
- Operations including back-office functions and software development will relocate to cost-efficient locations in Bratislava and Vietnam
- The firm is shuttering its Copenhagen-based IT development facility
- Employee consultation period extends through September 20 before final headcount decisions are made
- According to CEO Andrej Majcen, the restructuring targets cost optimization and international growth rather than responding to cryptocurrency market conditions
Bitcoin Suisse, the cryptocurrency financial services company established in Zug, Switzerland in 2013, has revealed intentions to eliminate as many as 60 positions from its 120-person Swiss operation as it pursues an international expansion strategy.
With approximately 200 employees worldwide, the proposed maximum reductions would bring the company’s Swiss headcount down to about 60 workers.
An employee consultation phase is currently in progress, scheduled to conclude on September 20. According to Swiss employment regulations, impacted workers may present alternative proposals during this timeframe that could potentially minimize or prevent terminations before final determinations are reached.
Operations Relocating to Cost-Effective Regions
The positions facing elimination primarily encompass back-office, administrative, and software development roles. According to Bitcoin Suisse, these operational areas will be merged into its international facilities in Bratislava, Slovakia, alongside a forthcoming establishment in Vietnam.
Specific details regarding the Vietnamese facility’s location, launch timeline, and capital investment remain undisclosed by the company.
As part of the organizational transformation, Bitcoin Suisse will shutter its Copenhagen IT development center, effectively ending its operational presence in Denmark.
CEO Andrej Majcen indicated that operational expenses in the two destination countries would be substantially lower than Switzerland’s costs. In statements to Swiss financial outlet Finews, he emphasized that the reorganization stemmed from strategic planning rather than cryptocurrency market volatility.
Swiss Operations to Retain Wealth Management Focus
Notwithstanding the workforce reductions, Bitcoin Suisse intends to maintain its Zug headquarters. Client-facing wealth management operations will continue to be concentrated at the Swiss location.
The organization characterizes this transformation as an evolution from a predominantly Swiss-focused cryptocurrency provider to a comprehensive international financial services entity.
In June, Bitcoin Suisse announced its strategic focus on institutional investors, family offices, asset management firms, and high-net-worth clients as it develops its global wealth management capabilities.
The firm maintains custody of 3 billion Swiss francs in cryptocurrency assets and recorded 95 million Swiss francs in equity capital as of January 2026.
Earlier this year, Bitcoin Suisse obtained regulatory licenses in both Liechtenstein and Bermuda. Its Middle Eastern division achieved complete regulatory clearance in Abu Dhabi during July, enabling it to provide trading, custody, staking, and lending solutions.
The organization had previously pursued a Swiss banking license in 2021 but retracted its application following indications from the Swiss Financial Market Supervisory Authority that approval was improbable due to identified deficiencies in its anti-money laundering framework.
Bitcoin Suisse has stated that the workforce reductions will not impact client custody services, trading platforms, staking operations, or lending products. The announcement exclusively addresses personnel changes and the reorganization of support and technical functions.
Definitive decisions regarding the precise number and allocation of affected roles will be announced following the conclusion of the September 20 consultation deadline.
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