Bitcoin Suisse Cuts Up to 60 Swiss Jobs in Global Expansion Push

Bitcoin Suisse plans to move back-office and dev roles from Switzerland to Bratislava and Vietnam, closing its Copenhagen hub as it targets global wealth management clients.

Crypto Business & Institutional Finance News

Bitcoin Suisse is cutting up to half its Swiss workforce as it moves key functions overseas. The Zug-based crypto financial services firm plans to eliminate up to 60 of its approximately 120 Swiss positions. The roles being cut are primarily in back-office and administrative functions.

CEO and co-founder Andrej Majcen

the plans to Swiss financial publication Finews, which first reported the restructuring on Sept. 11. He said the decision was driven by cost and was part of a wider international growth strategy. He was clear that it was not a reaction to difficult conditions in the crypto market.

"In Bratislava and Vietnam, we can provide these services at significantly lower cost," Majcen told Finews. The company already operates a hub in Bratislava. It plans to establish a new location in Vietnam within the next few years.

Copenhagen Closes as Vietnam Hub Opens

Bitcoin Suisse employs around 200 people globally. It has more than $3 billion in digital assets under