Financial results
Swissquote absorbed a 72% crypto-income fall through diversification
Crypto securities income fell CHF31m, more than five times the group’s total income increase. Shares, funds, metals and Yuh supplied the offset.
The companies, products and regulatory developments shaping the broker industry.
Crypto securities income fell CHF31m, more than five times the group’s total income increase. Shares, funds, metals and Yuh supplied the offset.
Swissquote’s reported accounts rose 72.3%, but core accounts increased 12.6%; most of the headline increase came from bringing Yuh into the group perimeter.
The interim accounts show a sharp crypto contraction, a new neobanking segment still short of material operating profit, and dividends plus treasury-share purchases equal to 108.7% of half-year earnings.