abstrak：Dukascopy Bank, a Swiss supplier of financial trading services, has released its business indicators for 2021. The online trading platform recorded a fall in net profit, which fell to CHF 2.1 million.
In 2021, the bank expects to have a net profit of CHF 2.1 million.
In the first quarter of 2022, Dukascopy achieved a profit of CHF 2 million on sales of CHF 100 million.
Dukascopy Bank, a Swiss supplier of financial trading services, has released its business indicators for 2021. The online trading platform recorded a fall in net profit, which fell to CHF 2.1 million.
Operating expenditures declined by around 6.5 percent in 2021 as compared to the previous year, according to the latest available data. Despite a tough climate in terms of net profit and revenue, Dukascopy saw a 19.6 percent rise in customer deposits in 2021 compared to 2020.
According to Dukascopy, a significant increase in mobile multi-currency accounts (MCA) was noticed in 2021. Dukascopy has identified cryptocurrency as one of the primary “strategic development areas.”
“Dukascopy Bank maintained its cryptocurrency development by dramatically increasing its overnight rates for crypto instruments and opening trading for ten new cryptocurrency pairings.” Dukascopy Bank is constantly expanding its assortment of trading products to satisfy the needs of its customers. Furthermore, our Bank was able to increase the number of new products that were made accessible to its clients, including new CFDs on stocks and new CFDs on cryptocurrency exchanges. “Beginning with fewer than 50 FX currency pairings, the Bank is today providing trading on over 750 instruments,” said Veronika and Andrey Duka, co-Chief Executive Officers of Dukascopy.
Conflict in Russia-Ukraine
Dukascopy said in a recent release that the Group may be impacted by the crisis between Russia and Ukraine.
“The Russian-Ukrainian war, which began in February 2022, might influence the Bank's operations.” The effect of these changes on the bank's financials, on the other hand, cannot be determined yet. A profit of $2.0 million was realized in the first three months of 2022, according to a statement from the company.
Dukascopy also disclosed financial data on the performance of its subsidiaries. In 2021, Dukascopy Japan's net profit was CHF 102.3 thousand. Dukascopy Europe made a net profit of CHF 46,000 over the preceding fiscal year.
