UBS Group is Preparing to Enter the Cryptocurrency Market

UBS Group is preparing to enter the cryptocurrency market. Switzerland's leading bank will provide crypto investment opportunities to its private clients.

According to the report recently shared by Bloomberg, UBS Group AG is conducting research to offer its wealthy customers the opportunity to invest in cryptocurrency units. It is said that among these cryptocurrencies, there may be Bitcoin or any other crypto. UBS aims to offer its wealthiest customers to invest a small percentage of their net worth in cryptocurrencies as an alternative to traditional assets, according to anonymous sources from Bloomberg. It is stated that this will be done with investment tools offered by third parties. With this news, UBS seems to be watching global banking giants like Goldman Sachs and JP Morgan. https://twitter.com/crypto/status/1391705874037673985?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1391705874037673985%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fkriptokoin.com%2Fbankacilik-devi-kripto-para-piyasasina-giriyor%2F

Following JP Morgan and Goldman Sachs

Morgan and Sachs provide Bitcoin investment opportunities for their high net worth clients. Goldman Sachs allows clients to invest 2.5 percent of their portfolio. JPMorgan aims to launch the first Bitcoin ETF this summer. In addition, it is said that the crypto-focused trading team established by Goldman Sahcs will be a part of the bank's global currencies and emerging markets unit. Similar steps towards cryptocurrency are being taken by institutions such as Bank of New York Mellon and Citigroup. In addition, UBS said that it is more interested in blockchain than digital currencies. UBS thinks that as long as it does not give customers a chance to enter the cryptocurrency market, customers may not be able to accommodate this situation well. Now, the executives of many institutions do not deny that their institutions are entering this field because their customers prefer cryptos.