Swissquote, a prominent player in the Swiss financial industry, has recently faced a significant decline in its stock price. This downturn has resulted in a market capitalization reduction of CHF 1.3 billion, impacting the company’s overall valuation.

The stock price has dropped over 15% in the last two weeks, bringing the valuation down to just under CHF 5.5 billion from approximately CHF 7 billion. This decline is closely linked to the recent drop in Bitcoin and the overall cryptocurrency market, which has historically influenced Swissquote’s stock performance.

Established in the 1990s and publicly listed since 2000, Swissquote has a solid foundation with around 1,200 employees and more than 600,000 customers managing over CHF 70 billion in assets. The bank’s equity capital stands at about CHF 1 billion, indicating a robust capital ratio exceeding 25%, well above the standards set by the Swiss Financial Market Supervisory Authority. Despite these recent challenges, Swissquote has successfully navigated various global crises and has seen its share price increase tenfold since entering the cryptocurrency market in 2017.

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