UBS weighing crypto trading for private banking clients: Report

The plan would give ultra-high-net-worth clients an in-house crypto on-ramp at one of the world’s largest private banks.

The world’s largest global wealth manager, UBS, is reportedly exploring a move to open crypto trading to its wealthiest clients. 

Bloomberg reported Friday, citing a person familiar with the matter, that the Swiss banking giant aims to let select private banking clients in Switzerland trade Bitcoin (BTC) and Ether (ETH) first, with a possible rollout to the Asia‑Pacific region and the United States later.

The person also reportedly said that UBS was currently selecting partners for its crypto offering, although the bank has not publicly confirmed the details.

Read more