Swiss online bank Swissquote reported a 66.2% year-over-year drop in net income from its crypto business for the first half of the year, down to 14.6 million CHF (approximately $18 million). Crypto trading volume also fell 63.5% to 2.58 billion CHF (around $3.18 billion). Additionally, the bank recorded a loss of 5.3 million CHF (about $6.53 million) on crypto assets held to support trading on the SQX exchange. Swissquote has revised its full-year net income forecast down by approximately 30 million CHF (around $36.99 million) to 730 million CHF (roughly $900 million), citing underperformance due to the decline in most cryptocurrency prices. Following the announcement, the company’s stock price dropped 14%. (CoinDesk) https://www.(wublock123.com)/news/news-66478