Japan Japan

Nomura offers its first bitcoin derivatives, just as crypto markets tumble

Reading now: 142
economictimes.indiatimes.com

Nomura has begun offering bitcoin over-the-counter derivatives to clients, it said Friday, the latest move by a traditional financial institution into the cryptocurrency industry, even as markets are in turmoil.

The trades, executed on the CME by crypto asset trading firm Cumberland DRW this week, were the Japanese investment bank's first digital asset trades, said Nomura's head of markets, Asia ex-Japan, Rig Karkhanis in a statement. «Working with institutional-grade counterparties will allow us to scale into the increasing demand from our clients,» he said.

Read more on economictimes.indiatimes.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA