Bitcoin Suisse Cuts 60 Jobs in Switzerland, Shifts Development Overseas
Crypto financial services firm Bitcoin Suisse plans to eliminate up to 60 positions in Switzerland, reducing its domestic workforce by half, as the company moves software development and back-office operations to lower-cost international hubs. The Zug-based firm, which oversees more than $3 billion in digital assets under custody, employs roughly 200 people globally.
Restructuring Driven by Cost Efficiency
As part of the reorganization, Bitcoin Suisse is closing its IT development site in Copenhagen. The company already operates a technology hub in Bratislava, Slovakia, and intends to establish another in Vietnam. CEO and co-founder Andrej Majcen explained the rationale to Swiss outlet Finews, which first reported the restructuring:
“In Bratislava and Vietnam, we can provide these services at significantly lower cost,”
Majcen emphasized that the decision reflects the company’s international growth strategy and is unrelated to difficult crypto market conditions.
Expansion Beyond Crypto Services
Founded in 2013, Bitcoin Suisse offers crypto trading, custody, staking, and lending. According to Majcen, the firm now aims to broaden its scope into wealth and asset management services targeting high-net-worth individuals and institutional clients.
To support that expansion, the company has begun securing regulatory licenses. Its Liechtenstein subsidiary received authorization in June under the European Union’s Markets in Crypto-Assets (MiCA) framework, enabling it to serve clients across selected European Economic Area markets.
