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UBS exploring ways to offer crypto investments to clients -Bloomberg

UBS fee bonanza lifts quarterly profit to six-year high
UBS fee bonanza lifts quarterly profit to six-year high   -   Copyright  Thomson Reuters 2021
By Reuters

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)