Swissquote Crypto Revenue Plunges 66.2% in H1, Stock Drops 14%

Swissquote Group cut full-year forecasts after crypto revenue fell 66.2% in H1. Trading volume dropped 63.5% to $3.2B, triggering a 14% stock decline.

Woofun AI reports that Swissquote Group has reduced its full-year revenue and profit guidance following a 66.2% decline in net cryptocurrency revenue during the first half of the year. Crypto trading volume contracted by 63.5% to 2.58 billion Swiss francs ($3.2 billion), causing shares to drop 14%.