Bitcoin Forum

Swiss online banking group, Swissquote, has benefited greatly from the addition of cryptocurrency investing to the set of services it offers, reporting a significant increase in its H1 2018 profits.

See more: https://www.xmlgold.eu/en/news/article/715/Swissquote-Swiss-online-bank-profits-risen/ (https://www.xmlgold.eu/en/news/article/715/Swissquote-Swiss-online-bank-profits-risen/)

43.9% more profit is huge for any bank. They surely don't regret their decision by now so perhaps they could share the word with their brothers. Saying this result it could attract more Swiss banks doing the same, even the big banks

Welk, no wonder the country is gradually becoming another great hub for crypto. They're gaining from the positive side whereas other competitors are still contemplating about negativity and some are even thinking of destroying. We hope every institution would one day get to understand adopt crypto. Congrats to the banks anyway.

Very important good news unfortunately it is only benefit who has full access to euro zone while other can not . for sure this steps will lead to huge success and other free private banks will follow but in some countries as in china government will refuse further steps even ban the bank capital is possible .

Will its a great news!thats because of being an addition of cryptocurrency investing to the set of services its offers now an significant  increases in its H1 profits 2018,so thereforr this means to us thats the banks of switzerland is different to existing other banks now,because as far as i remember the banks of switzerland is a independent body thats not connected to world banks,thetefore i  can conclude thats someday this banks of switzerland is the first banks would accept an crypto investment.

Swiss bank has been famous for many years in the world is widely known. These are pretty good returns for the sender and those people are very interested. And we are finding that they even accept more electronic money. This is great for their country as well as investors in the world, very much trust Swiss bank. Certainly paying high interest on the currency, and then having more electronic money, the opportunity for growth is increasing.

The Crypto currency is recognized both by financial institutions and by governments. The very fact that Swiss banks are gradually starting to work with crypto-currency companies looks very positive.

What the hell are you talking about? Did you read the article and then my post? You say it's a good return for the sender but the sender of what??
We were talking about the profits from banks. Why should investors be interested in a foreign bank increasing its profits, other than to be a shareholder

Banks soon move with the development of technology has achieved a lot of great goals. You can see that Crypto is becoming better than FIAT, so banks are trying to move in line with the world's development trend.

That is a good news to our Swiss brothers out there and hopefully it will change the banking system in their country in the years to come. Also with this move by the Swiss I am hopeful that other countries will follow through on what they did and it will spark a new banking revolution and it will attract new investors in the crypto market and this I think is what we are lacking right now.

Yes it is huge percentage of profit. Im sure there indeed other banks looking at this
and not just swiss banks. They would welcome any opportunity to increase profit
for shareholders.

Not sure how great this really is, depends on your philosophical perspective of what crypto has the potential for. For mainstream views, more banks getting involved is great, makes the whole asset class more accessible for regular people. However, part of the point of bitcoin was to replace traditional fractional reserve banking, especially the hyper version we have today. Banks, if crypto gets big and profitable enough, will naturally seek to co-opt the system for their own benefit.