Swissquote lowers its full-year revenue and profit expectations, with net cryptocurrency income in the first half down 66.2%

According to CoinDesk, financial services company Swissquote Group has lowered its full-year revenue and profit expectations after a 66.2% decline in net cryptocurrency income in the first half of the year.

In the first half of the year, the company's cryptocurrency trading volume fell by 63.5% to 2.58 billion Swiss francs, approximately 3.2 billion US dollars. After the announcement, Swissquote Group's stock price dropped by 14%.