Bitcoin Suisse, a crypto trading, brokerage, and storage company has announced that it will be cutting jobs and streamlining its boardroom in the face of a slump in cryptocurrency investments.
As part of efforts to increase the focus on institutional clients, Liechtenstein, its finance chief and head at Bitcoin Suisse Liechtenstein, will be leaving the company.
According to Verena Schwarz (a spokesperson), the job cuts were “substantially lower” than the industry average of around 30pc headcounts. She declined to give an exact number.
All three main offices of the company in Switzerland, Denmark, and Liechtenstein were affected by these reductions.
Bitcoin Suisse reported that its staff in Europe grew by more than 60% to nearly 300 people by 2021.
annual general meeting in July.
This comes amid severe cuts in the industry that have been affected by the fall of FTX as well as a general downturn in crypto prices.
