Bitcoin Suisse has informed employees at its headquarters in Zug that up to 60 positions could be eliminated as the company shifts certain back-office functions abroad. The planned reductions are subject to a ten-day consultation process with employees, and the first layoffs are expected to take effect before the end of 2026, according to Finews.

The company has not issued its own press release on the cuts. Employees were informed of the plans at an internal meeting in September 2026. The positions at risk are mainly in back-office functions, which Bitcoin Suisse plans to relocate to Bratislava, Slovakia, or to a new site that it is building in Vietnam. The move is intended to reduce costs.

Zug headquarters to remain in place

Bitcoin Suisse is one of Switzerland’s oldest crypto financial service providers, specializing in cryptocurrency trading and custody. Niklas Nikolajsen founded the company in Zug in 2013 with other early Bitcoin enthusiasts. It later became known as a pioneer of Switzerland’s Crypto Valley and expanded its services to include staking and lending.

Andrej Majcen, a co-founder of Bitcoin Suisse, has served as Group CEO since January 2024. He has linked the job cuts to a broader change in the company’s strategy rather than to a withdrawal from Switzerland. Zug will remain the group’s headquarters, while international growth is becoming its priority. The planned changes therefore separate the location of the group’s core headquarters from the location of some operational work: Zug is staying in place even as selected support functions move abroad.

“In the past, our focus was mainly on Switzerland. Now international growth is our priority. Building on our extensive crypto experience, we want to offer international clients a broad range of wealth and asset management services. That offering goes beyond crypto.” — Andrej Majcen, Group CEO and co-founder of Bitcoin Suisse, speaking to Finews

The company is familiar with operating in Bratislava. In September 2025, it appointed Peter Camenzind as CEO of Bitcoin Suisse AG and referred to its offices in Copenhagen and Bratislava. In Vietnam, however, Bitcoin Suisse is building a site from scratch.

Broader wealth-management offering

Majcen made a similar statement in the foreword to the Crypto Wealth Management Report 2026. He wrote that rising client demand for broader and more sophisticated digital-asset solutions was driving “the next phase of Bitcoin Suisse’s global expansion.”

According to Majcen, new licenses will allow the company to expand its services. In addition to trading, institutional custody and staking, Bitcoin Suisse is adding investment advice, portfolio management and hedging solutions. The firm describes its intended position as a “global crypto-native wealth management partner.”

Licenses in Bermuda, Liechtenstein and Abu Dhabi

Three licenses obtained in 2026 support the company’s international expansion. In May, the Bermuda Monetary Authority granted Bitcoin Suisse (International) Ltd. in Hamilton a Class F license under the Digital Asset Business Act. The subsidiary also received a Class B registration under the Investment Business Act 2003. Both authorizations remain pre-operational for now.

In June, Liechtenstein’s Financial Market Authority granted Bitcoin Suisse (Europe) AG a MiCAR license to operate as a crypto-asset service provider. The authorization builds on the subsidiary’s earlier registration under Liechtenstein’s TVTG. Led by CEO Roman Przibylla, the entity can use passporting to offer its services across the European Economic Area.

In July, the group completed a multi-stage licensing process in Abu Dhabi. The Financial Services Regulatory Authority of Abu Dhabi Global Market granted BTCS (Middle East) Ltd. full Financial Services Permission. The authorization covers trading, custody, management and hedging of crypto exposures. The company therefore has regulatory coverage across three overseas regions, extending from the European Economic Area to Bermuda and the Middle East. The Abu Dhabi regulator announced the authorization here.

Bitcoin Suisse’s use of foreign licenses follows an earlier attempt to obtain authorization in its home market. In July 2019, the company applied to the Swiss Financial Market Supervisory Authority, or FINMA, for a banking license. It withdrew the application in March 2021 after the regulator had classified the company as “not eligible for approval,” citing, among other issues, shortcomings in its anti-money-laundering measures.

Source: Crypto Valley Journal