Swissquote, the leading Swiss provider of online banking and financial services, announced that it expects to exceed its financial forecasts, driven by an increase in demand for cryptocurrency trading and related services. The bank’s customer assets increased by 31% year-on-year in 2024.
According to Swissquote, increased interest in cryptocurrency trading in 2023 contributed significantly to its performance.
The company’s early adoption of digital asset trading platforms allowed it to meet the growing appetite for cryptocurrencies among retail and institutional investors.
Swissquote expects results to exceed views on crypto demand
– WSJ Business News (@WSJbusiness) January 17, 2025
Explore: Swissquote crypto revenue triples. Meanwhile, Swiss authorities invite consultation on crypto tax
Swissquote positions itself as a leader in the crypto-financial services sector
On January 17, 2025, the company said its pre-tax profit for the year was expected to exceed 495 million francs ($548 million), significantly exceeding previous market expectations. The bank’s net new money inflows amounted to 8.3 billion Swiss francs last year.
The bank attributed this growth not only to the popularity of cryptocurrencies, but also to Swissquote’s diverse portfolio of financial services. By continually expanding its crypto-related offerings, Swissquote has managed to attract a large clientele seeking secure and regulated access to the digital asset market.
As regulation of digital assets improves globally, institutions like Swissquote are well-positioned to capitalize on this momentum.
As of August 2024, the company’s crypto revenue has tripled compared to the same period last year. This highlights the growing interest and participation in the cryptocurrency market. This increase in revenue from the trading, investing and banking platform highlights the growing adoption of digital currencies.
23% of the Swiss population owns cryptocurrencies
A Bitpanda survey of over 6,000 Europeans from Germany, France, Switzerland, Austria and Italy showed that Switzerland has become one of the most crypto-friendly countries in the world.
A significant part of the country’s population actively participates in the digital currency ecosystem.
Global Crypto Geography Presents an Intriguing Paradox
The world’s largest blockchain protocols and foundations are consolidated into developed crypto hubs, with
Switzerland at the head of the pack:
For what?
Regulatory clarity… pic.twitter.com/S5gJEoiaoI
– arndxt (@arndxt_xo) July 14, 2024
Switzerland at the head of the pack:
Singapore 
UNITED STATES“In our research, we wanted to better understand how these factors evolve,” Bitpanda said. “Switzerland was the most crypto-friendly country, with almost a quarter (23%) of the total population already owning cryptocurrencies.”
Read more: Bitpanda Survey Indicates Switzerland Leading Cryptocurrency-Friendly Country
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