UBS to OK Crypto for Wealthy Clients – Time to Invest in Bitcoin
Last Updated: 10 May 2021
If UBS follows through, it will be among the top US institutions looking for a way of venturing into the crypto space. The demand for crypto assets has been high recently, causing firms to look for ways to meet this demand.
Risky investment option
UBS is a Swiss firm that offers a wide range of investment options to its clients. The company is looking for several avenues that will help them safely invest in the crypto space. Sources close to the firm indicate that any form of crypto investment offered will only be a portion of the investor’s total portfolio. This is to safeguard investors from the high market volatility experienced in the crypto market.