Swiss bank UBS Group introduces cryptoceptives

The provision of cryptocurrency services by giant banks has spread beyond the US thanks to the Swiss UBS Group AG. At the end of the yearThe organization plans to provide its wealthy customers with the opportunity to invest in digital assets.

The bank, located in Zurich, with assets under management for an amount of more than $ 1 trillion, considers several alternatives for its services.

However, UBS Group AG warned about the high volatility of the digital assets sector, prompting its customers to allocate "very much" for the cryptocurrency.

It is assumed that institutional clients will be able to receive cryptocurrency through the media.

It is interesting that the entire financial company, operating under the auspices of UBS Group AG under the name UBS Global Wealth Management, has been reported that the whole sector can supply

As we all know, numerous banks in the United States have also initiated steps to enable their customers to gain access to bitcoin and other digital assets.

Panee the oldest American bank BNY MellonHeaded a section on the provision of services with the storage of BTC. Soon after that, Morgan Stanley submitted an application for a share in bitcoins up to 25% for 12 of its funds.

As you can see, even the criticism of Bitcoin Goldman Sachs andJPMorgan has started to enter the crypto space. Goldman submitted an application for a Bitcoin ETF, in addition, its clients can trade in BTC derivatives. When you apply for JPM, the bank plans to start up its managed crypto-fund.

</p></p>