Investment Banking

UBS exploring offering cryptocurrencies to wealthy clients

Move follows Goldman's launch of a crypto desk, and Citi mulling a crypto service for clients

Monday 10 May 2021 at 12:47

UBS is looking into offering its wealthy clients access to cryptocurrency investments, in the latest example of a large bank moving into the digital currency sector.

The Swiss bank is exploring a number of ways of offering its affluent customers exposure to the asset class, Bloomberg reported, citing people familiar with the matter. The investments are expected to comprise a small part of clients' overall portfolio due to the volatility of the products, it said.