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UBS Considers Offering Crypto Trading Through Private Bank

Crypto News

Swiss banking giant UBS reportedly plans to begin offering cryptocurrency trading in response to growing demand from wealthy clients.

UBS has been considering partners for this push into crypto for months but has not yet made a decision, Bloomberg reported Friday (Jan. 23), citing unnamed sources.

The crypto offering would begin with select clients of UBS’s private bank in Switzerland and could then be expanded to the United States and the Asia-Pacific region, according to the report.

Asked about the report by Bloomberg, a UBS spokesperson said, per the report: “As part of UBS’s digital asset strategy, we actively monitor developments and explore initiatives that reflect client needs, regulatory developments, market trends and…

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