Swissquote Confirms European Expansion Plan, Focusing on Crypto
- It is going to introduce crypto staking and lending services ‘soon’.

Swissquote, a publicly listed online bank and broker, recently confirmed its future expansion ambitions in Europe to Finance Magnates, revealing its plans for both CFDs and crypto markets.
According to the company, it will soon launch an extensive Single Stock CFD offering, thus further extending its existing brokerage services. Additionally, it is planning to improve its offerings by enhancing the features of the proprietary Advanced Trader Platform that uses Trading View charting capabilities.
But, the big ambitions of the broker are for the growing crypto markets.
Swissquote has already been offering cryptocurrency trading for years, and now it is going to expand its services with the launch of crypto Staking Staking Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve distributed consensus.This notably differs from Proof-of-Work (PoW) blockchains that instead rely on mining to verify and validate new blocks.Conversely, PoS chains produce and validate new blocks through staking. This allows for blocks to be produced without relying on mining hardware. As such, instead of competing for the next block with heavy computation work, PoS validators are selected based on the number of coins they are committing to stake.Users that stake larger amounts of coins have a higher chance of being chosen as the next block validator. Staking ExplainedStaking requires a direct investment in the cryptocurrency, while each PoS blockchain has its particular staking currency.The production of blocks via staking enables a higher degree of scalability. Moreover, some chains have also moved to adopt the Delegated Proof of Staking (DPoS) model. DPoS allows users to simply signal their support through other participants of the network. In other words, a trusted participant works on behalf of users during decision-making events.The delegated validators or nodes are the ones that handle the major operations and overall governance of a blockchain network. These participate in the processes of reaching consensus and defining key governance parameters. Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve distributed consensus.This notably differs from Proof-of-Work (PoW) blockchains that instead rely on mining to verify and validate new blocks.Conversely, PoS chains produce and validate new blocks through staking. This allows for blocks to be produced without relying on mining hardware. As such, instead of competing for the next block with heavy computation work, PoS validators are selected based on the number of coins they are committing to stake.Users that stake larger amounts of coins have a higher chance of being chosen as the next block validator. Staking ExplainedStaking requires a direct investment in the cryptocurrency, while each PoS blockchain has its particular staking currency.The production of blocks via staking enables a higher degree of scalability. Moreover, some chains have also moved to adopt the Delegated Proof of Staking (DPoS) model. DPoS allows users to simply signal their support through other participants of the network. In other words, a trusted participant works on behalf of users during decision-making events.The delegated validators or nodes are the ones that handle the major operations and overall governance of a blockchain network. These participate in the processes of reaching consensus and defining key governance parameters. Read this Term and lending services. However, it did not specify any dates for the introduction of the new crypto products.
Ahead of the product line expansion, the Swiss company has already started brand promotions. Recently, it signed a three-year deal with UEFA for sponsoring two European football leagues, UEFA Europa League and UEFA Europa Conference League.
Structural Changes
As a part of the expansion plan, the Swiss group will make some structural changes in its European retail businesses.
Swissquote already has a massive international presence with international entities in Luxembourg, United Kingdom, UAE, Hong Kong, Singapore and Malta. The group is now exploring international expansion strategies, including the possibilities of opening new offices in Europe.
Meanwhile, the group turned over solid financials for many past consecutive quarters. As Finance Magnates reported earlier, Swissquote’s net revenues jumped 64.5 percent higher in the first half of 2021, while the pre-tax profit touched CHF 134.6 million, gaining 130 percent in a year.
Swissquote, a publicly listed online bank and broker, recently confirmed its future expansion ambitions in Europe to Finance Magnates, revealing its plans for both CFDs and crypto markets.
According to the company, it will soon launch an extensive Single Stock CFD offering, thus further extending its existing brokerage services. Additionally, it is planning to improve its offerings by enhancing the features of the proprietary Advanced Trader Platform that uses Trading View charting capabilities.
But, the big ambitions of the broker are for the growing crypto markets.
Swissquote has already been offering cryptocurrency trading for years, and now it is going to expand its services with the launch of crypto Staking Staking Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve distributed consensus.This notably differs from Proof-of-Work (PoW) blockchains that instead rely on mining to verify and validate new blocks.Conversely, PoS chains produce and validate new blocks through staking. This allows for blocks to be produced without relying on mining hardware. As such, instead of competing for the next block with heavy computation work, PoS validators are selected based on the number of coins they are committing to stake.Users that stake larger amounts of coins have a higher chance of being chosen as the next block validator. Staking ExplainedStaking requires a direct investment in the cryptocurrency, while each PoS blockchain has its particular staking currency.The production of blocks via staking enables a higher degree of scalability. Moreover, some chains have also moved to adopt the Delegated Proof of Staking (DPoS) model. DPoS allows users to simply signal their support through other participants of the network. In other words, a trusted participant works on behalf of users during decision-making events.The delegated validators or nodes are the ones that handle the major operations and overall governance of a blockchain network. These participate in the processes of reaching consensus and defining key governance parameters. Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve distributed consensus.This notably differs from Proof-of-Work (PoW) blockchains that instead rely on mining to verify and validate new blocks.Conversely, PoS chains produce and validate new blocks through staking. This allows for blocks to be produced without relying on mining hardware. As such, instead of competing for the next block with heavy computation work, PoS validators are selected based on the number of coins they are committing to stake.Users that stake larger amounts of coins have a higher chance of being chosen as the next block validator. Staking ExplainedStaking requires a direct investment in the cryptocurrency, while each PoS blockchain has its particular staking currency.The production of blocks via staking enables a higher degree of scalability. Moreover, some chains have also moved to adopt the Delegated Proof of Staking (DPoS) model. DPoS allows users to simply signal their support through other participants of the network. In other words, a trusted participant works on behalf of users during decision-making events.The delegated validators or nodes are the ones that handle the major operations and overall governance of a blockchain network. These participate in the processes of reaching consensus and defining key governance parameters. Read this Term and lending services. However, it did not specify any dates for the introduction of the new crypto products.
Ahead of the product line expansion, the Swiss company has already started brand promotions. Recently, it signed a three-year deal with UEFA for sponsoring two European football leagues, UEFA Europa League and UEFA Europa Conference League.
Structural Changes
As a part of the expansion plan, the Swiss group will make some structural changes in its European retail businesses.
Swissquote already has a massive international presence with international entities in Luxembourg, United Kingdom, UAE, Hong Kong, Singapore and Malta. The group is now exploring international expansion strategies, including the possibilities of opening new offices in Europe.
Meanwhile, the group turned over solid financials for many past consecutive quarters. As Finance Magnates reported earlier, Swissquote’s net revenues jumped 64.5 percent higher in the first half of 2021, while the pre-tax profit touched CHF 134.6 million, gaining 130 percent in a year.