Swissquote Cuts Annual Guidance as Crypto Income Plunges 66%

Key Facts

Amid heightened volatility in digital asset markets, Swissquote has lowered its full-year revenue and profit forecasts following a significant slump in cryptocurrency trading activity during the first half of the year. According to reports, the bank's net crypto income plunged by 66.2% to 14.6 million Swiss francs, prompting the firm to cut its annual net revenue outlook by approximately 30 million francs to a revised target of 730 million francs.

The guidance cut stems from a cooling digital asset environment, with Swissquote's crypto trading volumes dropping 63.5% to 2.58 billion francs. This downturn aligns with broader market weakness where Bitcoin fell 33% and Ether dropped 47% in the first six months of the year. Additionally, the bank booked a 5.3 million-franc loss on its crypto inventory held to support its SQX exchange, reflecting the impact of declining asset prices on its balance sheet.

Despite the crypto-driven headwinds, client assets grew nearly 20% to 96.3 billion francs, helped by interest income and non-crypto trading growth. While current price data for the stock is unavailable in this report, market participants are monitoring Swiss economic sentiment; the SECO Consumer Climate index released on August 7, 2026, showed a slight improvement to -33 from a previous -40, potentially impacting broader financial sector stability.