#UBS, the multinational investment bank of Switzerland, has also been added to the banks that are considering offering cryptocurrency services in the world . Considered as the largest corporate bank in the country, UBS plans to offer its wealthy customers a cryptocurrency service option.
According to the report of Canada's financial news system #BNN #Bloomberg based on names close to the company, the bank is still at an early stage of this plan. It is stated that even the level of cryptocurrency services is not yet clear, and because of the serious volatility of cryptocurrencies in the recent period, this investment will be allowed to be made with a very small part of the customer portfolio. It is claimed that the investment is planned to be made not directly, but with a third party vehicle.
🔥Citibank also enters the cryptocurrency industry due to intense interest
As it will be remembered, #Citibank, one of the largest banks in the USA and the world, announced its plan to offer cryptocurrency buying, selling and custody services last week due to the intense interest from its customers. Many banks led by Goldman Sachs, Morgan Stanley, Bank of New York Mellon have also announced that they will offer cryptocurrency services.
Experts state that banks will also take this train in a short time, as investors have directed their savings in banks to crypto currency exchanges due to the interest in cryptocurrencies.