Dukascopy Bank grew total operating income by around 12% in 2025 to CHF 20.8 million, up from CHF 18.5 million a year earlier, while net profit jumped to CHF 1.2 million from CHF 0.2 million as stronger trading and lower costs offset weaker commissions. The improvement came despite a zero policy rate in Switzerland and a volatile geopolitical backdrop, with the Geneva‑based online bank using forex and CFD market swings to support activity.Trading and Deposits Drive RecoveryForex trading profitability rose 25.5% in 2025, underscoring the central role of trading income in Dukascopy’s model. Result from trading activities reached CHF 16.5 million compared with CHF 14.7 million in 2024, while net commission income fell to CHF 1.4 million from CHF 3.2 million as commission expenses increased.Client money continued to grow. Total client deposits climbed 15.6% over the year to CHF 188.6 million, from CHF 163.1 million at the end of 2024, helping lift total assets to CHF 256.5 million from CHF 235.1 million. Multi‑currency accounts expanded further, with balances on MCA accounts rising 34.1% from CHF 102.5 million to CHF 137.5 million and generating CHF 4.9 million in gross revenue.The bank also broadened its product set. It added more than 300 cross instruments during 2025 and pushed FX swap turnover since February 2024 above CHF 1.9 billion. The number of processed payments increased by 24% year on year, reflecting rising use by both retail and corporate clients.Costs, Crypto and OutlookDukascopy tightened costs alongside revenue growth. Operating expenses fell 5% to CHF 18.8 million in 2025 from CHF 19.8 million in 2024, bringing the cost‑income ratio down to 90.2% from 107.4%, though still above the 89.2% level in 2023. Personnel expenses declined and general and administrative costs edged lower as the bank used technology to scale operations.Crypto‑related activity remained a strategic focus. More than 8.1 million Dukascoins were outstanding by year‑end and the bank continued to develop crypto‑fiat functionality within its regulated framework. Management reports a good start to 2026 but flags higher geopolitical risk and leans on new products in trading, payments and crypto to counter tougher markets. Dukascopy Sharpens Crypto AccountingDukascopy’s 2025 report sets out a clear framework for how it treats crypto assets, including its own token, Dukascoin. Crypto that the bank holds for investment sits under “financial investments” and is measured at acquisition cost, then at the lower of cost or market, while crypto that it holds for trading appears in “trading assets” at fair value, with gains and losses recorded in “result from trading activities.”Recently, Dukascopy expanded its MT5 lineup from just over 100 to more than 400 instruments, adding gold, silver, a wider range of FX crosses and new crypto CFDsIt is a part of the firm's expansion of its broader multi‑platform offering alongside MT4 and JForex and follows last year’s addition of 303 new instruments on JForex.The expansion came after a sharp improvement in financial performance in H1 2025, when standalone profit jumped to CHF 3.32 million from CHF 19.8 thousand and consolidated profit rose to CHF 3.29 million from CHF 80.8 thousand. This article was written by Jared Kirui at www.financemagnates.com.

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