August Recap - Special Edition: 10 Years Bitcoin Suisse
Sep 13, 2023 - 8 min read
10 Years Bitcoin Suisse
A decade of Bitcoin Suisse – A big Thank You!
On August 22, 2023, Bitcoin Suisse celebrated its birthday: Ten years ago, Bitcoin Suisse was founded in Crypto Valley Zug by Niklas Nikolajsen von Karlshof, Fabian Hediger, and Andrej Majcen. We have embarked on a remarkable journey: As pioneers in the crypto industry, we bravely took the first steps into unchartered territory and never gave up despite various challenges. Today, as the oldest crypto broker in Switzerland, Bitcoin Suisse stands for stability, security, and integrity.
Ten years ago, we laid the foundation for Bitcoin Suisse when the crypto and blockchain world was still in its infancy. Today, we celebrate not only a decade of innovation but also our belief in decentralized financial technologies – with special thanks to our dedicated employees who have helped us reach this point as visionary trailblazers. However, our greatest gratitude goes to our estimated clients, supporters, and partners – without your trust and unwavering support, none of this would have been possible. As we reflect on the past ten years, we eagerly look forward to the next decade and are excited to continue advancing the future and institutionalization together.
Fabian Hediger, Co-Founder
Our history of success is adorned with significant milestones that underscore our firm belief in cryptocurrencies and blockchain technology. Thanks to our dedicated teams of blockchain specialists, engineers, bankers, IT experts, relationship managers (and many more), and above all, due to the tireless support of our clients, today we proudly reflect on our journey from a niche player to an established institution. As we celebrate our anniversary, let's look back at a few selected milestones:
2013
- The inception of the first Swiss crypto enterprise ever: Bitcoin Suisse was founded on August 22nd in Zug – the foundation for the future Crypto Valley is being laid
2014
- First crypto company to become a member of a self-regulatory organisation («SRO»)
- Introduction of the first crypto-fiat-exchange machine in Switzerland (now operated through Värdex)
2015
- Supporting the Ethereum Foundation Crowdsale
2016
2017
- Launch of proprietary and audited HSM based custody solution
- Successful support of various ICOs, among them Tezos, OmiseGo, Zilliqa, Decentraland and Melonport
- Enablement of first-ever direct Bitcoin offering for a Swiss bank
2018
- Move to headquarter at Grafenau in Zug
- Founding of Bitcoin Suisse Liechtenstein
2019
2020
- Successful Series-A round of over CHF 45m with fully subscribed capital increase
- Canton of Zug accepts tax payments with cryptocurrencies, using the crypto payment solution of Bitcoin Suisse
- Launch of ETH2 staking product
- Clients of Bitcoin Suisse commit 17% of all ETH needed for the launch of Ethereum 2
2022
- Successful completion of the Ethereum-Merge
- Introduction of new staking currencies, among them Moonbeam, AVAX, NEAR
- As first Swiss integrator, Bitcoin Suisse joins Liquid Collective to enable Ethereum Liquid Staking
2023
- Bitcoin Suisse launches crypto-compatible core banking system with TCS BaNCS to further scale global business
- Canton of Zug lifts threshold for tax payments with cryptocurrencies to CHF 1.5m
- As one of the first crypto brokers, Bitcoin Suisse introduces a Best Execution Policy
- Launch of the new native Mobile App with a brand new user interface and many new functionalities
- Introduction of new order types in Bitcoin Suisse Online and the Mobile App
Products & Services
Release Notes for Bitcoin Suisse Online and the Mobile App
In our revamped series 'Behind the Scenes,' we shift our spotlight onto technical updates. In the current edition, we introduce the latest update of our mobile app, which grants you access to all Bitcoin Suisse services even while on the go – now featuring a fresh design and enhanced user-friendliness. Another highlight is the immediate availability of new order types on both Bitcoin Suisse Online and the Mobile App:
- Smart Execution: Algorithmic smart order routing; continuous posting of order slices to trading venues' order books with the aim of minimizing market impact and achieving a more favorable price;
- Stop Loss: Stop order with a specific trigger price; your order will be executed as a market order as soon as the trigger price is reached;
- Limit Order: Place an order with a specific limit price; it will be executed at that limit price if the market price on the trading venues reaches the limit price.
Next to these order types, TWAP (Time Weighted Average Price), Scheduled Orders, Stop-Limit Orders and Smart Stop Orders are available via Relationship Manager. To learn more about all available order types at Bitcoin Suisse, refer to our comprehensive Order Type Overview.
Curious? More information about the account opening process at Bitcoin Suisse can be found here.
Company & Industry Highlights
Video interview with Luzius Meisser
Our Chairman of the Board, Luzius Meisser, recently appeared as a guest on Blockchainstory. In a conversation with Lidia Kurt from vision&, he discussed various topics including stock tokenization, the use case of blockchain in the financial sector, and Bitcoin Suisse's ambitions. You can watch the full video interview here (available in German).
Ethereum turns eight
It has been eight years since developers led by Vitalik Buterin founded Ethereum. Today, the blockchain is the leading network for smart contracts and DeFi applications and is the world's second-largest cryptocurrency. Since the crowdsale in 2014 and the subsequent network launch on July 30, 2015, Bitcoin Suisse has been one of the earliest supporters of the Ethereum network. In November 2020, Bitcoin Suisse, together with its clients, provided 17% of all ETH required for the launch of the Beacon Chain, a necessary step on the path to the Merge. Happy Birthday, Ethereum!"
Bitcoin Suisse Crypto Cup
Bitcoin Suisse hosted the second Crypto Cup at the Ennetsee Golf Club. Over 100 players registered and participated despite the unfavourable weather forecast – in the end, not only the players were smiling, but also the sun! We extend our thanks to the participants for their dedication and engaging conversations, and we congratulate Sophia Sindersberger and Alois Mettler on their victory.
Defire Podcast
Luzius Meisser was a guest on an episode of the Defire Podcast. In a tour d’horizon with Jonas Wechsler, various ideas and scenarios were discussed, such as the long-term potential of Decentralized Finance, the overall market situation, regulatory location issues, tokenization, stablecoins and the role of Bitcoin Suisse. Curious? You can listen to the podcast here or wherever podcasts are available.
Research
Crypto & Macro - Is the Bottom in? Version 4.0
Investment Analyst and Crypto Researcher Denis Oevermann once again tackles the question, 'Is the Bottom in?'. A new metric developed by Bitcoin Suisse Research for the overall risk of crypto market capitalization suggests that the observed price levels for the entire crypto market could be approaching their lows during this bear market. It is expected that Bitcoin and Ether will perform better as the dominance of altcoins wanes. In the chapter “The Big Debt Crisis”, it is being analysed how the rising U.S. federal debt effects the economy, and how the resulting financial repression highlights the positive characteristics of cryptocurrencies. Is the bottom really in? Find out by reading the 4th edition of our Crypto & Macro series.
Investment Navigator - Decentralized Finance
In the latest edition of the 'Investment Navigator,' Research Analyst Dominic Weibel shifts the focus to Decentralized Finance. The article delves into DeFi's growth metrics, highlighting an increase in the total number of active loans, a shift towards decentralized exchanges, and a remarkable surge in staked assets within the industry. Notably, DeFi projects are refining their tokenomics and adopting sustainable business models, offering opportunities for investors.
Decentralized trading platforms are gaining momentum thanks to Layer 2 scaling solutions, while Liquid Staking Tokens are making their mark in DeFi. As they become a primary form of collateral and trigger a new wave of innovation, they exhibit immense potential to transform the DeFi landscape.
The Weekly Wrap - The latest news at a glance
Stay informed about developments in the world of crypto with the Weekly Wrap from Bitcoin Suisse every Friday. You can subscribe for the Weekly Wrap here.
In case you missed them, here are August’s editions:
- 4. August: Market Stability Meets Crypto Anticipation: ETF Decision Looms Amidst Low Volatility
- 11. August: Volatility Shifts: Major Crypto Markets Remain Range-Bound
- 18. August: Bitcoin's Wild Ride: Volatility Lows, Evergrande's Impact, and ETH ETF Hope
- 25. August: Crypto Chronicle: Market Moves, BRICS Summit, FTX Liquidation, and More