UBS exploring ways to offer crypto investments to clients -Bloomberg

May 10, 2021 6:41 AM EDT

FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann

ZURICH (Reuters) - Swiss bank UBS is exploring ways to offer wealthy customers digital currency investments, Bloomberg reported on Monday, citing people familiar with the matter.

UBS is exploring several alternatives for offering the asset class, but any investment offering would be a very small portion of the clients’ total wealth because of the volatility, Bloomberg's report said. It did not identify its sources.

UBS could not immediately be reached for comment.

(Reporting by Silke Koltrowitz; Editing by Susan Fenton)



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