Bitcoin Suisse to shift up to half of Swiss jobs abroad
Bitcoin Suisse plans to relocate up to half of its Swiss workforce as it expands international operations, Finews reported. The restructuring could move as many as 60 of the company’s 120 Swiss roles—mainly back-office and administrative positions—to lower-cost hubs in Bratislava and Vietnam.
Why It Matters
The move signals a push by Bitcoin Suisse to reduce operating costs while building a broader global wealth and asset management business; it comes alongside recent licences and regulatory approvals as the firm targets institutional and high-net-worth clients outside Switzerland.
Key Facts
- company-founded: Zug, 2013
- services: crypto trading, custody, staking and lending
- swiss-staff: 120 positions
- potential-reductions: up to 60 Swiss positions (about half)
- affected-roles: primarily back-office and administrative functions
According to a report in Finews, Bitcoin Suisse is planning to shift up to half of its Swiss jobs abroad as it scales its international business. The restructuring could affect as many as 60 of the company’s 120 positions based in Switzerland, with most of the affected roles described as back-office and administrative.
The firm expects to move those functions to lower-cost centres in Bratislava and Vietnam, and it intends to establish a new location in Vietnam in the coming years. CEO Andrej Majcen told Finews that cost savings are a main driver of the decision and emphasized the change is not a reaction to weakness in the crypto market.
Majcen framed the relocation as part of Bitcoin Suisse’s broader strategy to grow internationally and to develop a wider wealth and asset management offering. In June the company said it was expanding beyond Switzerland to pursue institutional clients, family offices, asset managers and high-net-worth individuals as it evolves into a global wealth management platform.
The planned job moves come as Bitcoin Suisse has pursued regulatory footprints outside Switzerland: it obtained licences in Liechtenstein and Bermuda earlier this year, and its Middle East subsidiary received full regulatory approval in Abu Dhabi in July. The company, founded in Zug in 2013, continues to offer crypto trading, custody, staking and lending services while adjusting its operating footprint to support international expansion.
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Original source: Cointelegraph