RATE Group | Swissquote Reports 44% Increase in Profit After Adding Cryptocurrency Services
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Swissquote Reports 44% Increase in Profit After Adding Cryptocurrency Services

02 Aug Swissquote Reports 44% Increase in Profit After Adding Cryptocurrency Services

Posted at 01:41h in Cryptocurrency News by

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Swissquote Reports 44% Increase in Profit After Adding Crypto Services

Finance

Swiss online banking group, Swissquote, has benefited greatly from the addition of cryptocurrency investing to the set of services it offers, reporting a significant increase in its H1 2018 profits. The news comes while Switzerland is debating over how to keep crypto businesses in the country when the majority of Swiss banks refuse to provide services to the growing crypto sector.

Also read: Check Which Coins You Can Spend With Debit Cards and Why Upcoming Fuzex Chooses BCH

Swissquote Posts Profit of 25.7 Million Francs in H1 2018

While many traditional financial institutions in Switzerland are still shying away from dealing in cryptocurrencies and working with crypto companies, those who have ventured into the space are already…

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