Swissquote Seeks to Shake Crypto Link Despite 1,500% Stock Rally
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When Swissquote Group Holding SA became the first European bank to let clients trade Bitcoin in 2017, the cryptocurrency was changing hands for around $2,000 per token.
Shares in the online brokerage have surged more than 1,500% since then, riding the wave of soaring demand for digital currencies that has pushed Bitcoin back above $100,000. But being closely linked to crypto also comes with volatility and risks — and Swissquote wants to be clear that there’s more to the company.