Nomura temporarily reduces crypto exposure as Q3 profits drop — TradingView News
Japanese banking giant Nomura will reportedly reduce its exposure to crypto, citing the current tough market climate and a dip in profits from overseas in the third quarter.
Nomura chief financial officer Hiroyuki Moriuchi said that the firm would look to reduce its risk exposure at its European digital asset subsidiary Laser Digital Holdings, after it posted losses in the quarter ending Dec. 31, Bloomberg Japan reported on Friday.
Moriuchi said that while its subsidiary took a hit amid the crypto market turbulence, the firm will manage its stability through stringent position management over the next few months.
He added that its commitment to crypto remains unchanged and that Nomura is eyeing expansion in the medium to long-term future…
