Brokerage giant Nomura starts offering Asian clients BTC derivatives

HeadlinesNewsBrokerage giant Nomura starts offering Asian clients BTC derivatives

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Brokerage giant Nomura starts offering Asian clients BTC derivatives

CryptoSlate3 days ago
Published on May 14, 2022 04:00 GMT+00:00edited on May 16, 2022 13:59 GMT+00:00

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Japanese financial services company Nomura Holdings has rolled out Bitcoin (BTC) derivatives for Asian institutional clients. A report unveiled this news earlier today, noting that the leading brokerage firm decided to introduce this offering following high institutional demand. This development marks the latest move by a traditional financial institution into crypto.

According to the report, Nomura will offer BTC non-deliverable forwards and non-deliverable choices settled in fiats. Cumberland DRW, a crypto trading firm, completed Nomura’s first BTC derivatives trade this week on CME Group’s platform.

Tim Albers, Nomura’s Head of Foreign Exchange Structuring in Asia ex-Japan, commented,

“There has been significant volatility recently. Once the dust settles, valuations will become …