UBS Group AG, the world’s largest wealth manager with $4.7 trillion in assets, is preparing to offer Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) trading to select private banking clients in Switzerland, with plans to expand to Asia-Pacific and the U.S.
How The Rollout Will Work
UBS is currently selecting partners for the crypto offering after months of discussions, Bloomberg reported on Friday, citing sources familiar with the matter. The bank hasn’t made a final decision on how to proceed.
The initial rollout will be limited to select private banking clients in Switzerland who want to buy and sell Bitcoin and Ethereum.
UBS is using outside partners rather than building …