UBS Group opens cryptocurrency investments for its clients

The provision of cryptocurrency services by giant banks has spread beyond the United States thanks to the Swiss UBSGroup AG. At the end of the year, the organization plans to provide its wealthy clients with the opportunity to invest in digital assets.

The Zurich-based bank with over $ 1 trillion in assets under management is considering several alternatives for its cryptocurrency-related services.

However, UBS Group AG warned of the high volatility of the digital asset sector, advising its clients to set aside a "very small portion" of their fortune for cryptocurrency.

It is assumed that institutional clients will be able to receive cryptocurrency through third-party funds.

Interestingly, more recently, a financial company under the auspices of UBS Group AG called UBS Global Wealth Management reported that the entire cryptocurrency sector could plummet to zero.

As you know, numerous banks in the US have also initiated steps to allow their clients to access Bitcoin and other digital assets.

Formerly the oldest American bank BNY Melloncreated a division for the provision of services with the storage of BTC. Morgan Stanley applied for up to 25% bitcoin shares for 12 of its funds shortly thereafter.

As you can see, even the critics of Bitcoin Goldman Sachs andJPMorgan has begun to enter the crypto space. Goldman has applied for a Bitcoin ETF, and its clients can also trade BTC derivatives. As for JPM, the bank is planning to launch its managed crypto fund.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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