Nomura Debuts Bitcoin Derivatives
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.
