Bitcoin Suisse to relocate up to half of Swiss jobs abroad

cryptonews.ruОпубліковано о 2026-09-11Востаннє оновлено о 2026-09-11

Анотація

Bitcoin Suisse, a Zug-based cryptocurrency financial services firm founded in 2013, plans to relocate up to half of its Swiss jobs abroad as part of its international expansion. According to a report by Finews, the restructuring could affect up to 60 of its 120 positions in Switzerland, primarily in back-office and administrative roles. These functions are expected to be moved to lower-cost centers in Bratislava and Vietnam, where the company plans to establish a new hub in the coming years. CEO Andreja Magen cited costs as a key driver, noting services would be significantly cheaper in these locations. He emphasized the move was not a reaction to crypto market weakness but part of a strategy to build a broader wealth and asset management business. The company recently expanded beyond the Swiss market to target institutional clients, family offices, asset managers, and high-net-worth individuals. It has also obtained regulatory licenses in Liechtenstein, Bermuda, and, through its Middle Eastern subsidiary, full approval in Abu Dhabi.

Bitcoin Suisse plans to relocate up to half of its Swiss jobs abroad as the crypto-financial services company expands its international operations.

Founded in Zug in 2013, the company provides cryptocurrency trading, asset custody, staking, and lending services. The restructuring could affect up to 60 of the company's 120 positions in Switzerland, primarily in back-office and administrative functions, according to a Friday report by Swiss financial outlet Finews.

The affected functions are expected to be moved to lower-cost centers in Bratislava and Vietnam, where Bitcoin Suisse plans to establish a new hub in the coming years. CEO Andria Madgen said costs were a key driver of the decision, telling Finews that providing the affected services in these two countries would be significantly cheaper.

Madgen added that the restructuring was not a reaction to crypto market weakness, but rather part of Bitcoin Suisse's strategy for international expansion and building a broader wealth and asset management business.

In June, the company announced its expansion beyond the Swiss market, targeting institutional clients, family offices, asset managers, and high-net-worth individuals as part of its transition to a global wealth management platform.

Earlier this year, Bitcoin Suisse also obtained licenses in Liechtenstein and Bermuda, and its Middle Eastern subsidiary received full regulatory approval in Abu Dhabi in July.

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Пов'язані питання

QWhat is Bitcoin Suisse planning to do with up to half of its Swiss jobs, and why?

ABitcoin Suisse is planning to relocate up to half of its Swiss jobs abroad as part of its international expansion. The primary reason for this restructuring is to lower costs, with affected functions moving to centers in Bratislava, Slovakia, and Vietnam where providing these services is significantly cheaper.

QWhich specific company functions and how many positions in Switzerland could be affected by the restructuring?

AThe restructuring could affect up to 60 out of 120 positions in Switzerland, primarily in back-office and administrative divisions.

QAccording to CEO Arthur Madjen, was this restructuring a reaction to crypto market weakness?

ANo, according to CEO Arthur Madjen, the restructuring was not a reaction to crypto market weakness. It is part of Bitcoin Suisse's strategy for international expansion and building a broader wealth and asset management business.

QWhat recent regulatory approvals has Bitcoin Suisse obtained outside of Switzerland?

AEarlier this year, Bitcoin Suisse obtained licenses in Liechtenstein and Bermuda. Additionally, its Middle Eastern subsidiary received full regulatory approval in Abu Dhabi in July.

QWhat new target client segments did Bitcoin Suisse announce as part of its move to become a global wealth management platform?

AAs part of its move to become a global wealth management platform, Bitcoin Suisse announced it is targeting institutional clients, family offices, asset managers, and high-net-worth individuals beyond the Swiss market.

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