Bitcoin Suisse plans to cut up to 60 of its roughly 120 jobs in Switzerland as part of an international expansion strategy.
The company said the reductions will mainly affect back-office, administrative, and software development positions as it reshapes its business.
The Zug-based firm, founded in 2013 by Niklas Nikolajsen, built its reputation through cryptocurrency trading and custody services. It later expanded into staking and lending.
Bitcoin Suisse now wants to position itself as an international wealth manager serving wealthy private clients, family offices, asset managers, and institutional investors.
The restructuring is intended to support the company’s move beyond crypto services while focusing on international wealth and asset management activities for private and institutional customers across markets globally.
Bitcoin Suisse restructures Swiss operations
The affected roles are expected to move to Bratislava or Vietnam, where the company plans to establish a new site over the coming years. Bitcoin Suisse said the restructuring is driven by costs, efficiency, improved working methods, and new technology, including artificial intelligence.
The company said the changes are not a response to weakness in the cryptocurrency market. Zug will remain the group’s headquarters, while the Bitcoin Suisse name will continue unchanged.
Switzerland will remain the base for the company’s “customer-facing business.” That includes client advisory, relationship management, and wealth and asset management services for private and institutional clients.
Bitcoin Suisse expands international licensing
The company has also secured several regulatory approvals as part of its international growth strategy. Its European arm has obtained a MiCAR license in Liechtenstein.
Bitcoin Suisse has also secured digital asset and investment licenses in Bermuda. In July, subsidiary BTCS Middle East Ltd. received a Financial Services Permission from Abu Dhabi’s Financial Services Regulatory Authority.
The group currently custodies about $3.7 billion in cryptocurrency assets. It also ranks as the fourth-largest staking operator globally.
The final number of Swiss job reductions will be determined after a consultation process ending September 20. Employees were informed of the plan during a town hall meeting on Friday morning. The first layoffs are expected to take effect before the end of 2026.
Swiss financial sector faces broader job cuts
Bitcoin Suisse’s restructuring comes as several other Swiss financial groups prepare workforce reductions. UBS plans to cut around 3,000 jobs in Switzerland.
Helvetia Baloise expects to eliminate up to 1,200 positions following its merger. Raiffeisen Switzerland has indicated that as many as 180 roles could be cut.
Swiss Life is also expected to remove about 600 positions. Together, the announcements point to significant workforce reductions across Switzerland’s financial services industry.
For Bitcoin Suisse, the restructuring marks a shift from its original identity as a Swiss cryptocurrency specialist toward a broader international financial services model.
The company intends to keep Switzerland at the center of client-facing operations while relocating selected support and technology functions abroad.
