Workers’ representatives went public today Thursday to require banks to suspend layoffs as long as the corona crisis persists. At least at Bitcoin Suisse, mining is currently not an issue, as finews.ch learned: The crypto broker, who is expecting a Swiss banking license this year, wants to expand even in these difficult times.
The number of employees has risen to 128 since last October, when the heavyweight of Zug’s “Crypto Valley” reported the 100-employee mark. The forces are spread across the locations in Copenhagen, Denmark, Zug and Vaduz in the Principality of Liechtenstein.
The expansion comes at a time that is also anything but easy for the providers of digital systems. Crypto investments were dragged into the vortex of the health crisis. The Bitcoin that gives the Zug broker its name has lost more than 40 percent in value within a month. The risk capital that crypto startups need for further expansion is also drying up.
You can’t complain about a lack of work at Bitcoin Suisse. A few days ago, the company reported to finews.ch about lively customer activities. The trade has picked up markedly, with the buy orders clearly outweighing it, it said.