Bitcoin Suisse is considering a major restructuring that could result in the loss of up to 60 jobs in Switzerland, representing around half of its Swiss workforce.<\/p>\n\n\n\n
The crypto financial services company currently employs approximately 120 people in Switzerland and around 200 worldwide. As part of the proposed changes, Bitcoin Suisse also plans to close its Copenhagen development center while moving more technology, administrative, and back-office operations to international hubs.<\/p>\n\n\n\n
The company plans to concentrate these functions primarily in Bratislava, Slovakia, while also developing a new operating center in Vietnam.<\/p>\n\n\n\n
However, the final number of job cuts has not yet been confirmed. Bitcoin Suisse is conducting an employee consultation that is scheduled to run until September 20, after which management will decide how many positions will ultimately be affected.<\/p>\n\n\n\n
Despite the restructuring, the company intends to keep Zug as its headquarters and continue operating under the Bitcoin Suisse brand.<\/p>\n\n\n\n
The proposed restructuring could eliminate as many as 60 of Bitcoin Suisse\u2019s 120 Swiss positions.<\/p>\n\n\n\n
Employees at the company\u2019s Zug headquarters were informed about the plans during a town hall meeting. The positions most exposed to the restructuring are expected to include software development, administrative, and back-office roles.<\/p>\n\n\n\n
Bitcoin Suisse expects the first layoffs to take place before the end of 2026.<\/p>\n\n\n\n
However, the company has emphasized that the consultation process is still ongoing. This means the proposed 60 job cuts represent the maximum number currently being considered rather than a confirmed total.<\/p>\n\n\n\n
Bitcoin Suisse has not provided a detailed breakdown showing how many roles could move to Bratislava or Vietnam.<\/p>\n\n\n\n
The company has also not said whether affected employees will be offered relocation opportunities or disclosed details about potential severance packages.<\/p>\n\n\n\n
Following the September 20 consultation deadline, management is expected to finalize the number and distribution of the job reductions.<\/p>\n\n\n\n
A major part of Bitcoin Suisse\u2019s restructuring involves transferring certain operational functions outside Switzerland.<\/p>\n\n\n\n
Software development and back-office activities are expected to become increasingly concentrated in the company\u2019s international operating centers.<\/p>\n\n\n\n
Bratislava already serves as one of Bitcoin Suisse\u2019s international hubs, while the company plans to establish a new operating center in Vietnam over the coming years.<\/p>\n\n\n\n
Bitcoin Suisse has not yet announced the exact city, opening date, or expected workforce size for the Vietnam location.<\/p>\n\n\n\n
The company also plans to close its information technology development center in Copenhagen.<\/p>\n\n\n\n
It has not disclosed how many employees currently work at the Danish location or whether some workers could be transferred elsewhere within the organization.<\/p>\n\n\n\n
Bitcoin Suisse CEO and co-founder Andrej Majcen said cost considerations are an important factor behind the restructuring.<\/p>\n\n\n\n
According to Majcen, similar operational functions can be performed at significantly lower costs in locations such as Bratislava and Vietnam.<\/p>\n\n\n\n
Bitcoin Suisse believes consolidating operations internationally could also help the company scale more efficiently, expand its recruitment pool, and direct more resources toward new products and services.<\/p>\n\n\n\n
The restructuring comes during a challenging period for parts of the cryptocurrency industry, but Bitcoin Suisse management has pushed back against the idea that market conditions are directly responsible for the planned cuts.<\/p>\n\n\n\n
Majcen said the company has a substantial financial cushion that should allow it to manage current market conditions.<\/p>\n\n\n\n
However, Bitcoin Suisse is privately held and has not released financial results that would allow the public to independently assess its financial position.<\/p>\n\n\n\n
The company has also not published recent revenue, profit, or valuation figures alongside the restructuring announcement.<\/p>\n\n\n\n
Because Bitcoin Suisse is not publicly traded, there is no direct stock-market reaction that can be used to measure investor sentiment toward the changes.<\/p>\n\n\n\n
Bitcoin Suisse was founded in 2013 and initially built its business around cryptocurrency brokerage and custody services.<\/p>\n\n\n\n
Over time, the company expanded its offering to include staking, lending, and institutional digital asset products.<\/p>\n\n\n\n
Management is now looking to broaden the company’s business further by focusing on international wealth and asset management.<\/p>\n\n\n\n
Bitcoin Suisse wants to serve wealthy private clients, family offices, asset managers, and institutional investors through services that go beyond traditional cryptocurrency products.<\/p>\n\n\n\n
Majcen has described international growth as a priority as the company moves beyond its historically Switzerland-focused strategy.<\/p>\n\n\n\n
However, Bitcoin Suisse has not announced specific targets for assets under management, revenue growth, or timelines for achieving its broader wealth management ambitions.<\/p>\n\n\n\n
Cryptocurrency services will still remain an important part of the business.<\/p>\n\n\n\n
Bitcoin Suisse has previously explored blockchain-based financial products, including issuing a tokenized bond through the Obligate platform to raise capital for its lending operations.<\/p>\n\n\n\n
The company has also left the possibility of acquisitions in Switzerland open, although no acquisition target or active transaction has been announced.<\/p>\n\n\n\n
Bitcoin Suisse has been expanding its regulatory presence in several international markets during 2026.<\/p>\n\n\n\n
The company has secured approvals in Liechtenstein, Abu Dhabi, and Bermuda, helping support its strategy of expanding beyond Switzerland.<\/p>\n\n\n\n
In June, the Liechtenstein Financial Market Authority licensed Bitcoin Suisse Europe AG as a crypto asset service provider under the European Union\u2019s Markets in Crypto-Assets framework.<\/p>\n\n\n\n
The authorization allows eligible services to be provided throughout the European Economic Area through passporting arrangements.<\/p>\n\n\n\n
Bitcoin Suisse said its Liechtenstein operation will mainly target institutional investors, professional clients, and wealthy individuals.<\/p>\n\n\n\n
The company also received full regulatory approval for digital asset services in Abu Dhabi in July.<\/p>\n\n\n\n
Its BTCS Middle East subsidiary received Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market.<\/p>\n\n\n\n
The approval enables the subsidiary to offer regulated digital asset trading and custody services to eligible clients.<\/p>\n\n\n\n
The business has also indicated plans to provide access to hedging products and tokenized assets, subject to regulatory permissions.<\/p>\n\n\n\n
Bitcoin Suisse has also expanded its presence in Bermuda.<\/p>\n\n\n\n
Bitcoin Suisse International received a Class F license under Bermuda\u2019s Digital Asset Business Act. The company has also obtained separate authorization covering investment business.<\/p>\n\n\n\n
These approvals provide the regulatory foundation for Bitcoin Suisse to serve a broader international client base.<\/p>\n\n\n\n
However, regulatory licenses alone do not mean that all of these new operations are already generating significant revenue.<\/p>\n\n\n\n
The company has not disclosed regional customer numbers or detailed financial results from its operations in Liechtenstein, Abu Dhabi, or Bermuda.<\/p>\n\n\n\n
Despite potentially cutting a significant number of Swiss jobs, Bitcoin Suisse has made it clear that it does not intend to leave Switzerland.<\/p>\n\n\n\n
Zug will remain the company\u2019s legal and operational headquarters.<\/p>\n\n\n\n
Switzerland will also continue to play an important role in Bitcoin Suisse\u2019s domestic client relationships and management operations.<\/p>\n\n\n\n
The restructuring appears to be primarily focused on transferring development, administration, and back-office functions to lower-cost international locations.<\/p>\n\n\n\n
Bitcoin Suisse has not yet confirmed whether client-facing, executive, or compliance positions will be included in the final job cuts.<\/p>\n\n\n\n
The employee consultation could also change the proposed number or distribution of affected positions before management reaches its final decision.<\/p>\n\n\n\n
Once the consultation concludes on September 20, Bitcoin Suisse is expected to determine how many Swiss positions will ultimately be eliminated.<\/p>\n\n\n\n
The restructuring reflects a broader strategic shift for Bitcoin Suisse as it attempts to reduce operating costs while expanding its international wealth management and digital asset businesses.<\/p>\n\n\n\n
With new regulatory approvals across multiple regions and operations increasingly moving toward international hubs, the company appears to be balancing cost efficiency in Switzerland with a more ambitious global expansion strategy.<\/p>\n\n\n\n
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Bitcoin Suisse is considering a major restructuring that could result in the loss of up to 60 jobs in Switzerland, representing around half of its Swiss workforce. The crypto financial services company currently employs approximately 120 people in Switzerland and around 200 worldwide. As part of the proposed changes, Bitcoin Suisse also plans to close…<\/p>\n","protected":false},"author":3,"featured_media":16564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[69,2375],"class_list":["post-16567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-bitcoin","tag-suisse"],"yoast_head":"\n