Bitcoin Suisse Stands Strong During Coronavirus Crisis

30 April 2020 – As the month of April comes to a close, Bitcoin Suisse continues to closely monitor the ongoing coronavirus situation. Thanks to the preparation and flexibility of our organization, we have been able to switch to remote work since even before Swiss and Danish authorities implemented social distancing measures.

Since that time, we have been following all guidelines, while continuing to remain fully operational with all of our teams distributed between home office and on-site. For many startups and young companies in Crypto Valley and around the world, this is an especially challenging time – and we salute those who continue to push forward. The resilience and self-reliance that form a core part of the blockchain community spirit are now shining through.

In the words of Bitcoin Suisse Founder Niklas Nikolajsen, “Since Crypto Valley started to flourish many years ago, I’ve never seen our ecosystem facing similar challenges as in recent weeks. Given the unchanged fundamentals of the technology, our strong community and the solid foundations provided by the local government, I see more promise than peril, more opportunity than misfortune going forward – as in every crisis.”

For Our Clients and Partners

Despite uncertain economic conditions around the world, Bitcoin Suisse has been fortunate to see ever-increasing interest across its entire line of services. Trading volumes have been strong with a 80-20% buy-sell ratio over the months of March and April.

The team continues to work full time (and more) and thanks to solid business results, we are able to add several new offerings to help clients build a diversified portfolio, including FX trading, with more to be added soon.

Our staff has also seen growth, with 30 new team members added since the start of the year, tapping into some great talent, mostly in technical areas.

Meanwhile, we have been glad to join with partners, both Swiss and international, to push forward several initiatives during these tough times:

• The launch of the tzBTC together with the Bitcoin Association Switzerland, the Tezos Foundation and others
• The addition of EPAM Systems to the OpenVASP Assocation

It was also our great pleasure to welcome Giles Keating, former Global Chief Economist at Credit Suisse Investment Banking and recognized authority on financial markets, as a new Member of the Board of Bitcoin Suisse.

As always, we are thankful for the strong trust that our clients put in us – especially at times like these.

Naturally, we do not take this for granted and strive to do our best for each and every one of them.
We have been inspired by the creativity and determination of people around the world in response to the crisis and will continue to stand strong in the days and months ahead.

This is how Bitcoin Suisse has always risen to new challenges – including this one.