Swissquote Strong 2024 Financials, Driven by Crypto Demand

Swissquote reports better-than-expected 2024 financials, driven by strong crypto demand and strategic sponsorships.

Key Points: 

• Swissquote’s 2024 revenue hit CHF 655 million, boosted by crypto demand.
• Client assets reached CHF 76 million, with CHF 8.3 billion in new funds.

The broker ended the year with revenue of approximately CHF 655 million. By the end of 2024, client assets on the platform had reached CHF 76 million.

Swissquote has reported a robust financial performance for 2024, with revenue reaching approximately CHF 655 million. The company expects its pre-tax profit to surpass CHF 345 million, marking a substantial improvement over its earlier projections.

Swissquote Strong 2024 Financials, Driven by Crypto Demand

The broker’s 2024 results reflect a continuation of strong growth, building on a solid first half where revenue stood at CHF 316.9 million and pre-tax profit at CHF 169.7 million. This indicates a stronger second half, with CHF 338.1 million in revenue and CHF 175.3 million in pre-tax profit.

These figures represent a significant year-over-year increase, with revenue rising by 23.5% and pre-tax profit surging by 35.3% compared to 2023 when the company reported CHF 530 million in revenue and CHF 255 million in pre-tax profit.

Swissquote attributed part of this financial upswing to favorable market conditions, particularly in the cryptocurrency sector, towards the end of the year. The broker reported that client assets on its platform totaled CHF 76 million by the end of 2024, with net new monies amounting to CHF 8.3 billion.

“These strong results were partially driven by favorable market conditions towards the end of the year, particularly in the crypto sector,” Swissquote stated. However, it did not disclose specific cryptocurrency trading figures.

In addition to its financial success, Swissquote has actively bolstered its brand through sports sponsorships. The company recently secured a sponsorship deal for the UEFA Women’s EURO 2025 and continues to support local ice hockey teams, including the ZSC Lions from Zurich and the Genève-Servette Hockey Club, as their principal sponsor.

Swissquote’s strong performance is part of a broader trend in the retail brokerage sector. London-listed Plus500 also reported impressive results for 2024, with revenue reaching approximately $768 million, exceeding market expectations.

Swissquote’s impressive financial results and strategic branding initiatives suggest a strong position for continued growth, particularly with the ongoing demand for cryptocurrency trading.

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