Japanese banking giant Nomura has begun offering Bitcoin derivatives to clients this week, in the midst of ongoing turbulence in crypto markets.
Nomura has begun offering over-the-counter Bitcoin-linked derivatives, according to a statement, marking the Japanese bank’s first digital asset trade.
The trade was executed on the Chicago Metals Exchange by crypto trading firm Cumberland DRW this week.
«Working with institutional-grade counterparties will allow us to scale into the increasing demand from our clients,” said Nomura’s Asia ex-Japan head of markets Rig Karkhanis.
Nomura makes its debut in Bitcoin derivatives in the midst of a fresh round of turmoil for crypto markets due to the collapse of major stablecoin TerraUSD coupled with the broader weakened sentiments in risk assets.
