SWX:UBSGCapital Markets
UBS Crypto Launch Tests Client Demand And Valuation Hopes
UBS Group is preparing to offer Bitcoin and Ethereum trading to select wealthy private banking clients in Switzerland.
The move marks a shift in the bank's stance on cryptocurrencies, aligning UBS more closely with peers offering digital asset services.
The service is initially targeted at Swiss clients, with potential for expansion to other markets if demand develops.
UBS Group (SWX:UBSG) is making this move while its shares trade around CHF37.16, with a return of 20.5% over the past year...