Published on August 1st, 2018 | by bitcoin0
Swissquote up 55 percent since adding Crypto
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.
The profit margin exceeds the predictions of financial experts by about 2.5 million CHF (~$2.52 million).
Swissquote also said it expects both income and profit for the whole year to increase by about 15 percent.
Swiss Financial Institutions Slowly Opening Up to Crypto
Swissquote has been hailed by many in the crypto industry as the first European online bank to launch and offer bitcoin services to its clients.
Authorities in Switzerland are now considering ways to grant crypto businesses access to banking services in the country.