Swiss banking holding UBS Group AG is preparing to open access to cryptocurrency trading for some clients of private banking, which could become one of the most notable steps towards digital assets among leading global wealth managers.

According to sources familiar with the process, the bank is currently selecting partners to launch the crypto product. Discussions have been ongoing for several months, and a final decision has not yet been made. Sources emphasized that the process is confidential.

At the first stage, UBS plans to allow selected clients of its Swiss private bank to buy and sell Bitcoin $BTC and Ethereum $ETH . Eventually, the offering may be scaled to other markets, including the Asia-Pacific region and the USA.

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