UBS Tests Bitcoin And Ether Access For Wealth Clients And Fees [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
UBS Group (SWX:UBSG) is preparing to let select clients trade bitcoin and Ether. The move will give a limited group of clients access to two of the largest cryptocurrencies by market value. This marks a step into digital assets for the Swiss bank as it responds to client interest and regulatory developments. For a global wealth manager like UBS, digital assets sit alongside traditional products in equities, bonds, funds and structured solutions. As more financial institutions explore crypto related services, UBS is looking at how bitcoin and Ether access might fit into its existing offering for higher tier clients. If the plan proceeds as reported, crypto trading could be integrated into a familiar private banking setup rather than a standalone exchange account. Investors watching SWX:UBSG may focus on how tightly UBS controls eligibility, risk limits and product scope as it tests this part of the market. Stay updated on the most important news stories for UBS Group by addi
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