Nomura defends crypto strategy as it limits short-term volatility at Laser Digital
Nomura Holdings pushed back against suggestions it is losing confidence in crypto, saying tighter risk controls at its Laser Digital unit are designed to limit short-term earning swings while it focuses on longer-term strategies, the bank told CoinDesk in emailed comments on Wednesday.
“Given the nature of the crypto-asset business, we recognize that a certain level of earnings volatility is inherent, and we recognize the importance of taking a medium- to long-term perspective,” the bank said. “At the same time, to limit short-term earnings swings, we have further tightened position and risk limits. We will continue to capture growth opportunities in the crypto market while strengthening our services and customer base.”
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