Zug March 21st 2019
Founded in 2013, Bitcoin Suisse has been a pioneer in providing crypto-financial services. We have helped to shape the crypto-and blockchain-ecosystem in Switzerland and we have been a driving force in the development of the City of Zug as the Crypto Valley.
In response to the increasing interest about our company and in the spirit of transparency we have created a brief summary, where we provide key data for the first time and insights about where we come from, what we do, and what our ambitions are.
We achieved net revenues of CHF 41.8 million and a net income of 31.5 million in 2017. Despite a market environment characterized by declining valuations and lower market activity we continue to be able to produce sound revenues and net income, while at the same time investing into and growing the company.
In the last two years, we have grown our team to 82 employees, and we continue to attract exceptional talent thanks to our strong market position and financial strength. We added a Liechtenstein office to our group, and we are now represented with offices in Zug, Copenhagen & Vaduz.
While our brokerage continues to be at the core of our business, we continuously develop new products and services. In 2017, we separated our high security HSM based storage division into the Swiss Crypto Vault AG. Part of the Bitcoin Suisse Group, it is one of the largest and possibly the safest provider of hyper secure storage for crypto assets. In 2018, through our subsidiary Swiss Crypto Tokens AG, we launched the first Swiss Franc ‘stablecoin’, the CryptoFranc (XCHF), with a current issue of ~15M CHF. And in 2019 we started providing large scale crypto asset collateralized lending/credit to privates and institutions.
Our aim is to continue to be a key player in the crypto-financial marketplace, to continue providing excellent services and products in this field and to bridge the world of traditional finance with that of crypto-finance.
Bitcoin Suisse benefits from a strong, and stable shareholder base. Close involvement and alignment of shareholders, board, management and the entire team ensure that we can focus on creating value for clients and on investing in sustainable growth.