Japanese financial services company Nomura Holdings has released a set ofBTC derivatives for Asian institutional clients. A report unveiled this news earlier today said that the leading brokerage firm introduced this offering because of high institutional demand. This development marks the latest move by a traditional financial institution into criptocurrency.
According to the report, Nomura will offer non-deliverable forwards and non-deliverable choices settled in fiats. Cumberland DRW, a trading firm, completed Nomura's first BTC derivatives trade this week on CME Group's platform.
There has been a lot of volatility recently. When the dust settles, valuations will become more attractive for institutional clients. We are very excited to get this off the ground as the launch marks the beginning of our journey into the space for the global markets business. The launch comes as the market for cryptocurrencies is about to make a comeback after crashing earlier this week. This past Thursday, BTC traded as low as $26,350. The flagship criptocurrency is trading hands at $29,457 at the time of writing. 70, or 11.8%, was higher.
The company plans to change its Future Innovation Company into a Digital Company after the announcement of its BTC derivatives offerings came after the company announced it plans to change its Future Innovation Company.
At the time, Nomura President and Group CEO Kentaro Okuda said.
Digital technology is a key part of our drive to expand our operations in private markets. Nomura launched a series of custody services for institutional investors before that. The Komainu custody platform is used to support BTC, Ether ETH, and a slew of other large-capcryptocurrencies. Komainu appointed former London Metal Exchange CEO Matthew Chamberlain as its new CEO earlier this year.