Swissquote Lowers Annual Forecast as First-Half Crypto Revenue Drops Sharply, Stock Falls

Swissquote Group Holding SA, a leading Swiss online banking and trading platform, has revised its full-year guidance downward following a significant decline in cryptocurrency-related income during the first half of the year. The company reported that revenue from crypto trading activities plunged, contributing to a drop in overall performance and causing shares to slide in the market. The bank cited reduced client trading activity and lower volatility in digital assets, including Bitcoin (BTC) and Ethereum (ETH), as primary factors. Despite the setback, Swissquote remains optimistic about its long-term strategy in the digital asset space, though near-term profitability expectations have been tempered. Investors reacted negatively to the news, with the stock price experiencing a notable decline in early trading sessions.