Swissquote cuts full-year guidance after H1 net crypto income plunged 66.2% to 14.6 million Swiss francs, sending shares down 14%
Swiss banking firm Swissquote Group cut its full-year revenue and profit forecasts, citing a weaker-than-expected crypto environment. The company's crypto trading volume also dropped 63.5% to 2.58 billion Swiss francs. Swissquote noted that price declines across most cryptocurrencies caused it to miss initial assumptions, with Bitcoin falling 33% and Ether dropping 47% in the six months ended June 30. The firm also booked a 5.3 million-franc loss on its crypto inventory.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Yangtze Optical Fibre and Cable (YOFC) plunged 16.03% in Hong Kong trading, while UBS bucked the trend by raising its net profit forecasts for the company by 116%-158% for 2026-28 and maintaining a "buy" rating.
-
2
Renowned investor Duan Yongping has once again purchased 30,000 shares of Kweichow Moutai, spending over 36.9 million yuan.
-
3
NEAR Protocol (NEAR) Outlook: Future Potential Driven by Technological Innovation and Ecosystem Expansion
-
4
XRP's Global Acceptance and Impact: Regulation, Applications, and Market Dynamics
-
5
THC Coin Analysis: Trading Status and Risks of Transhuman Coin and Thetan Coin
-
6
DEXA Coin: An Analysis of the Current Status of the ERC-20 Token Formerly Positioned for Social Payments
-
7
SAITAMA Coin: An Analysis of Its Evolution from Meme to SaitaChain and Current Status
-
8
Zhuhai Amicro Technology, a robot chip designer backed by Xiaomi, has passed its listing hearing and plans to raise over $100 million in an IPO in Hong Kong.
-
9
Cryptocurrency Exchange Selection Guide: Global Compliance and Risk Analysis
-
10
GOETH Token Analysis: Wrapped Ethereum on Algorand and Its Market Dynamics
Markets Today
Recommended Reading









