Bitcoin Suisse has proposed cutting up to 60 of its 120 Swiss jobs and closing its Copenhagen development site as it consolidates technology and administrative work in overseas operating cent
Bitcoin Suisse has proposed cutting up to 60 of its 120 Swiss jobs and closing its Copenhagen development site as it consolidates technology and administrative work in overseas operating centers.
SummaryReuters reported on Sept. 11 that the final number of affected roles will be determined after a staff consultation ending Sept. 20.
The proposed reductions could remove half of the company’s Swiss workforce. Employees at its Zug headquarters received details during a town hall meeting, according to Swiss financial publication Finews.
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Bitcoin Suisse expects the first layoffs to take effect before the end of 2026. Zug will remain its headquarters, while the company plans to keep its existing name and continue pursuing business in Switzerland.
Back-office, administrative and software development positions face the largest exposure under the restructuring. Bitcoin Suisse plans to concentrate the affected functions in Bratislava, Slovakia, and a future operating center in Vietnam.
The company employs around 200 people worldwide, including 120 in Switzerland. Eliminating the maximum proposed number would reduce its global workforce by close to 30%, assuming no offsetting recruitment in other locations.
Bitcoin Suisse has not released a detailed breakdown showing how many positions would move to Bratislava, how many would transfer to Vietnam or how many employees could receive relocation offers. The firm has not disclosed severance terms.
The Sept. 20 consultation gives employees time to respond before management finalizes the reductions. Bitcoin Suisse described the process as ongoing, meaning 60 is the upper limit under consideration and not a completed layoff count.
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Initial reductions are scheduled before year-end, though the company has not published individual departure dates. The closure timetable for its Copenhagen technology site remains undisclosed.
Bitcoin Suisse told Reuters that software development and back-office capabilities would become concentrated in its international hubs. The company said the arrangement could help it scale more quickly, recruit from additional labor markets and direct spending toward new services.
Chief Executive and co-founder Andrej Majcen told Finews that cost was a central factor. Comparable functions can be provided at a “significantly lower cost” in Bratislava and Vietnam, he said.
Bratislava already serves as an international operating center for the company. Bitcoin Suisse plans to establish its Vietnam location over the coming years, but it has not announced an opening date, staffing target or chosen city.
Copenhagen will lose its information technology development site under the same plan. Bitcoin Suisse has not stated how many Denmark-based employees work there or whether any will move to another group office.
Majcen disputed a direct connection between the restructuring and difficult cryptocurrency market conditions. He said Bitcoin Suisse had a “substantial cushion” to manage the current period, but the privately held company has not published financial figures supporting that assessment.
No public market reaction can be measured because Bitcoin Suisse shares do not trade on a stock exchange. The firm has not released current revenue, profit or valuation figures alongside the restructuring announcement.
Founded in 2013, Bitcoin Suisse built its original business around cryptocurrency brokerage and custody. Its services later expanded into staking, lending and institutional digital asset products.
Management now intends to serve wealthy private clients, family offices, asset managers and institutions through wealth and asset management services extending beyond cryptocurrency. Majcen said “international growth is our priority” after the company had previously concentrated on Switzerland.
The strategy remains a company plan. Bitcoin Suisse has not disclosed new assets-under-management targets, revenue forecasts or deadlines for reaching specific wealth management milestones.
Its existing crypto infrastructure will remain part of the proposed model. In earlier coverage, Bitcoin Suisse issued a tokenized bond through the Obligate platform to raise capital for its lending operations.
Management has not ruled out acquisitions in Switzerland. No target, negotiation or transaction has been announced, leaving any domestic acquisition dependent on future decisions.
The Bitcoin Suisse name will remain in use. Majcen said Zug would stay at the center of the group even as operational functions move to lower-cost locations.
During 2026, Bitcoin Suisse expanded its regulated footprint across Europe, the Middle East and Bermuda. The approvals cover separate subsidiaries and do not place every group service under one global license.
Bitcoin Suisse announced in June that the Liechtenstein Financial Market Authority had licensed Bitcoin Suisse Europe AG as a crypto asset service provider under the European Union’s Markets in Crypto-Assets framework.
The authorization permits eligible services across the European Economic Area through passporting rules. Bitcoin Suisse said the Liechtenstein business would target institutional investors, professional clients and wealthy individuals.
As crypto.news reported, Bitcoin Suisse secured full regulatory approval for digital asset services in Abu Dhabi in July. Its BTCS Middle East subsidiary received Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market.
The Abu Dhabi license covers regulated services for eligible clients, including approved virtual asset trading and custody. The subsidiary has said it plans to develop access to hedging products and tokenized assets, subject to the scope of its authorization.
In Bermuda, Bitcoin Suisse International received a Class F license under the Digital Asset Business Act. The group obtained separate authorization for investment business, supporting its planned services for international clients.
Licensing does not confirm that each new business line has begun generating revenue. Bitcoin Suisse has not published regional customer totals or financial results showing the contribution from Liechtenstein, Bermuda or Abu Dhabi.
The restructuring reduces jobs in the location where Bitcoin Suisse was founded, but management said it does not plan to leave Switzerland. Zug will continue serving as the legal and operational headquarters.
Switzerland remains home to the company’s domestic client relationships and core management. The planned transfer centers on development, administration and back-office functions, based on the details released so far.
Bitcoin Suisse has not said whether client-facing, compliance or executive roles will be included in the final reductions. The employee consultation may change the number or distribution of positions before management confirms the outcome.
Following the Sept. 20 deadline, the company is expected to determine how many Swiss roles will be eliminated and when affected employees will leave. Bitcoin Suisse had not announced a date for publishing the consultation result as of Sept. 14.
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