Bitcoin Suisse to shift up to half of Swiss jobs abroad — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bitcoin Suisse plans to shift up to half of its Swiss jobs abroad, potentially affecting 60 of the firm's 120 Swiss positions — mostly back-office and administrative roles.
- The relocated functions will move to Bratislava and Vietnam, where Bitcoin Suisse plans to open a new location in the coming years, with CEO Andrej Majcen citing significantly lower operating costs.
- Andrej Majcen told Finews the restructuring is not a response to crypto market weakness but part of the company's strategy to expand internationally and build a broader wealth and asset management business.
- In June, Bitcoin Suisse announced it was expanding beyond Switzerland, targeting institutional clients, family offices, asset managers and high-net-worth individuals.
- The firm earlier this year secured licenses in Liechtenstein and Bermuda, while its Middle East subsidiary received full regulatory approval in Abu Dhabi in July.
Why it matters: Up to 60 of Bitcoin Suisse's 120 Swiss positions are being relocated to Bratislava and Vietnam for cost reasons, not market weakness — signaling the firm intends to keep scaling its wealth-management push regardless of crypto cycles. The move also shifts more of its operational backbone into lower-cost jurisdictions alongside new licenses in Liechtenstein, Bermuda and Abu Dhabi.
Ask SkimNews
