{"id":115059,"date":"2026-08-13T14:23:10","date_gmt":"2026-08-13T14:23:10","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/115059\/"},"modified":"2026-08-13T14:23:10","modified_gmt":"2026-08-13T14:23:10","slug":"swissquote-cuts-full-year-profit-revenue-outlook-as-first-half-crypto-income-plunges","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/115059\/","title":{"rendered":"Swissquote cuts full-year profit, revenue outlook as first-half crypto income plunges"},"content":{"rendered":"

Swiss banking firm Swissquote Group (SQN) cut full-year revenue and profit forecasts after first-half net crypto income fell 66.2% to 14.6 million Swiss francs ($18 million).<\/p>\n

Crypto trading volume at the Gland, Switzerland-based fintech dropped 63.5% to 2.58 billion Swiss francs, according to its results presentation<\/a>. The company cut its net revenue outlook for the year by around<\/a> 30 million francs to 730 million francs.<\/p>\n

Swissquote said price declines across most cryptocurrencies caused the business to miss its initial assumptions. Bitcoin BTC$63,756.17<\/a>, the largest cryptocurrency, fell 33% in the six months ended June 30. Ether ETH$1,889.92<\/a>, the second-largest, dropped 47% and the CoinDesk 20 Index (CD20) lost 40%.<\/p>\n

\u201cThe revised guidance now reflects a weaker-than-expected crypto environment,\u201d Swissquote wrote.<\/p>\n

Swissquote also booked a 5.3 million-franc loss<\/a> on the crypto inventory it holds to support trading on its SQX exchange.<\/p>\n

Growth in areas such as non-crypto trading and interest income helped keep revenue broadly level and limited the decline in profit. Client assets rose nearly 20% to 96.3 billion francs.<\/p>\n

The company\u2019s shares plunged 14% after the announcement.<\/p>\n

UPDATE (Aug. 13, 14:05 UTC): Adds areas of growth in penultimate paragraph.<\/p>\n","protected":false},"excerpt":{"rendered":"Swiss banking firm Swissquote Group (SQN) cut full-year revenue and profit forecasts after first-half net crypto income fell…\n","protected":false},"author":2,"featured_media":115060,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[4913,41,17],"class_list":["post-115059","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-crypto-news","tag-swiss","tag-switzerland"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117088655880107218","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/115059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=115059"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/115059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/115060"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=115059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=115059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=115059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}