UBS Mulls Offering Prime Brokerage Services for Crypto ETPs to European Hedge Funds: Sources
The Swiss bank is operating a pilot program with plans to possibly launch a wider rollout to clients in a…
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The Swiss bank is operating a pilot program with plans to possibly launch a wider rollout to clients in a…
Technical data suggests lower support around $34,000 could stabilize the current pullback.
Bitcoin sellers are expected to cover positions, which could lead to higher prices next week.
The U.S. bank’s prime brokerage division is offering services in crypto-linked ETPs to some of its European hedge fund clients.
The bank’s prime brokerage unit is said to be allowing clients to access various crypto exchange-traded products.
The majority of the bank’s new deposits came from cryptocurrency exchange clients.
Clients are in the process of being set up, with some already live, according to one of two sources.
Analysts described the muted activity in spot, derivative and on-chain metrics as "calm before the storm."
The investment bank said in a client note that crypto price volatility could pay off for the exchange.
America’s second-largest bank is the latest financial institution to dive deeper into crypto.