The Swiss online Bank Swissquote has received for the first half of 2018, 44% more than in the same period last year, thanks to the entrance to the stock market and expansion of sentences related products.
Swissquote has offered its customers trading in bitcoins in July of last year. On the background of cryptorama online, the Bank continued to offer new cryptocurrency products. For example, in November launched a bitcoin certificates that protect customers from the volatility of BTC. In December, the Bank added support of four leading altcoins.
As a result, the Bank’s profit for the first half of 2018 amounted to 25.7 million Swiss francs ($26,02 million). This figure of 2.5 million Swiss francs (CHF) has surpassed analysts ‘ forecasts.
Compared to the middle of last year the assets of Bank customers grew by 20% to CHF 25.5 billion, the net inflow of new capital has increased by 60%. In addition, 16 thousand increased the number of customer accounts, and each of them spent an average of nearly 12 times more transactions.
However, analysts believe that the winning Bank on the cryptocurrency boom for the current year will not be as stable. Swissquote expect revenue and profit for the current year will amount to 15%, although our goal was 10%.