Swissquote Lowers Full-Year Outlook After Crypto Trading Revenue Falls in H1

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Swiss online bank Swissquote has revised its full-year revenue and profit guidance downward following a sharp decline in cryptocurrency trading income during the first half of the year. The drop in crypto activity weighed heavily on the bank's overall financial performance. As a result of the reduced outlook, the company's shares fell. The announcement highlights how sensitive fintech-oriented banks remain to fluctuations in digital asset trading volumes.

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