Key Highlights
- Swiss crypto services provider Bitcoin Suisse is preparing to eliminate up to 60 positions from its 120-person Switzerland workforce in a major reorganization
- Operations including back-office functions and software development will relocate to cost-efficient centers in Bratislava and Vietnam
- The firm’s Copenhagen IT development facility will be shuttered completely
- Employee consultation period extends through September 20, with final redundancy figures to be determined afterward
- According to CEO Andrej Majcen, the restructuring focuses on operational efficiency and international growth rather than responding to crypto market conditions
Bitcoin Suisse, the Zug-based cryptocurrency financial services provider established in 2013, has revealed intentions to eliminate as many as 60 of its 120 Switzerland-based roles in a strategic reorganization designed to strengthen its worldwide presence.
With approximately 200 employees worldwide, the proposed reductions would potentially cut the Swiss headcount to around 60 staff members.
An employee consultation phase is presently in progress, scheduled to conclude on September 20. According to Swiss employment regulations, impacted workers may present alternative proposals throughout this timeframe that might mitigate or prevent terminations before management finalizes its decision.
Operations Shifting to More Affordable Locations
The positions facing elimination primarily consist of back-office, administrative, and software engineering roles. Bitcoin Suisse has indicated these operations will be centralized at its international facilities in Bratislava, Slovakia, and an upcoming Vietnam location.
Details regarding the Vietnamese office’s precise location, launch timeline, and associated capital investment remain undisclosed at this time.
As part of this operational realignment, Bitcoin Suisse will shutter its Copenhagen-based IT development center, fully withdrawing its presence from Denmark.
CEO Andrej Majcen emphasized that operational expenses in the two destination countries would be substantially lower compared to Switzerland. In comments to Swiss financial media outlet Finews, he clarified that cryptocurrency market volatility was not the catalyst for these changes.
Core Wealth Services Remain in Switzerland
Notwithstanding the workforce reductions, Bitcoin Suisse intends to maintain its primary operations base in Zug. Customer-facing wealth advisory and management services will continue to be headquartered there.
The organization characterizes this transformation as part of its evolution from a predominantly Swiss-focused crypto provider to a comprehensive international financial services enterprise.
This past June, Bitcoin Suisse announced its strategic focus on serving institutional investors, family offices, asset management firms, and ultra-high-net-worth clients through an expanded global wealth management infrastructure.
The firm currently maintains custody of 3 billion Swiss francs in cryptocurrency assets and reported shareholder equity of 95 million Swiss francs as of January 2026.
Earlier this year, Bitcoin Suisse obtained regulatory licenses in both Liechtenstein and Bermuda. Its Middle Eastern division achieved full regulatory clearance in Abu Dhabi during July, enabling it to provide trading, custody, staking, and credit services.
In 2021, the company submitted an application for a Swiss banking license but subsequently retracted it after the Swiss Financial Market Supervisory Authority signaled likely rejection, pointing to deficiencies in the firm’s anti-money laundering framework.
Bitcoin Suisse has assured stakeholders that the workforce reductions will have no impact on client services including asset custody, trading platforms, staking operations, or lending products. The announcement pertains exclusively to internal staffing adjustments and the geographic redistribution of support and technical functions.
Definitive determinations regarding the total number and specific distribution of eliminated roles will be announced following the conclusion of the September 20 consultation window.
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