Online Bank Swissquote Shows Surge in Profits Because of the “Crypto Boom”

Swissquote

Online bank Swissquote opened its banking doors to accommodate Bitcoin trading accounts for its clients in July of 2017. It was thought to be the first European online bank to do this.

A year on, and Swissquote has revealed the fruits of its labor for adopting the cryptocurrency with a 44% surge in profits attributed to the “Crypto Boom” in the early half of 2018.

According to Finews, the online bank’s massive growth in Q1 2018 was thanks to a “brisk demand” for crypto products and the eruption of the crypto markets earlier this ...

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