👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

Japan's Nomura Launches Its First Bitcoin Derives Amid Crypto Crash

Published 13/05/2022, 12:16
© Reuters.  Japan's Nomura Launches Its First Bitcoin Derives Amid Crypto Crash
NMR
-
BTC/EUR
-
BTC/USD
-
CRCW
-
BTC/EUR
-
BTC/JPY
-
BTC/USD
-
BTC/JPY
-
BTC/GBP
-
BTC/GBP
-

Japanese financial services company Nomura Holdings Inc (NYSE: NMR) has started offering Bitcoin derivatives to its institutional clients due to high demand.

What Happened: Nomura's head of markets, Asia ex-Japan, Rig Karkhanis in a statement said the Japanese investment bank carried out the first trade earlier this week on CME Group Inc.’s (NASDAQ: NASDAQ:CME) platform, according to Reuters.

"Working with institutional-grade counterparties will allow us to scale into the increasing demand from our clients," he said.

The decision comes at a time when the cryptocurrencies such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Terra (CRYPTO: LUNA) are under immense selling pressure.

Price Action: According to data from Benzinga Pro, Bitcoin traded at $30,688.34, up 13.6% in the last 24 hours at the time of writing.

Read Next: Terra 'Officially' Halts Blockchain As LUNA Hits Zero

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.