UBS Group AG is preparing to offer bitcoin trading to a select group of private banking clients in Switzerland.

According to a Bloomberg report citing people familiar with the matter, the Swiss banking giant has been in discussions for several months about launching a cryptocurrency trading offering and is currently in the process of selecting external partners. 

The service would initially be limited to a small subset of Swiss private banking clients, with a broader rollout possible at a later stage.

UBS has not made a final decision on implementation, the people said, and the plans remain subject to regulatory, operational, and risk considerations.

Rather than building…

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