Bitcoin Suisse to shift up to half of Swiss jobs abroad

Bitcoin Suisse plans to transfer as many as 60 of its 120 Swiss positions to lower-cost hubs in Bratislava and Vietnam as it broadens its international operations. The company said most of the affected roles are back-office and administrative positions.

An office in Bratislava has been selected and a new location in Vietnam is planned over the coming years. Bitcoin Suisse said client-facing and regulated functions will remain based in Switzerland.

Chief executive Andrej Majcen said cost was a key factor, adding that “operating the affected services in the two countries would be significantly less expensive.” He said the restructuring is not a response to weakness in the crypto market but part of a longer-term plan to grow abroad.

The firm is repositioning itself as a wealth manager for institutional clients, family offices, asset managers and high-net-worth individuals. It plans to offer custody, trading, staking and lending alongside broader asset and wealth management services.

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

Founded in Zug in 2013, Bitcoin Suisse provides crypto trading, custody, staking and lending. Management said the relocations aim to lower operating costs for routine processing and administrative work while keeping regulated services and client teams in key markets.