Nomura: advance in Bitcoin futures because the drop in prices shakes trust

cynics can refer to a few indicators that indicate that the crypto tip value has gone beyond a slump in the Bitcoin price. The first is the presence of trend-conscious former politicians such as the British Tony Blair at digital-asset conferences. The second is Nomura's decision to act with Bitcoin derivatives for customers.

The Japanese investment bank is known for its conservatism, which has sometimes hindered its international ambitions. The two US exchanges CME and CBOE started to offer Bitcoin futures in 2017. US banks such as Goldman Sachs and JPmorgan have been dealing with it for some time.

Japan's largest brokerage company follows your example despite a break -in of cryptocurrency prices. Bitcoin is located at a 16-month low after a collapse of Terrausd, one of the largest stable coins in the world.

A friendly aspect of the nomura initiative is that digital assets continue to penetrate the financial mainstream despite their volatility. Most major financial institutions now have crypto units, albeit mostly exploratory. Last month, Goldman offered his very first credit facility with Bitcoin support in a more material development.

nomura must serve his many private customers who have accepted cryptos faster than great brokers and supervisory authorities. Additional fees are also needed. The input tax gains from the retail segment began to decrease last year together with the global sale of the stock markets. In the last quarter, the revenue from the retail store decreased by more than 70 percent compared to the previous quarter. The net win of ¥ 143 billion ($ 1.12 billion) for the year to March fell compared to the previous year and was significantly below expectations.

The crypto trade volume has risen sharply in the past two years. Products such as cryptostructured notes could give Nomura a new source of income.

The bank's shares fell for a fifth last year and are only traded for 0.5 times the material book value. The young crypto business cannot raise this assessment alone. However, there is the opportunity to participate in an industry whose own value is more controversial than ever.

The Lex team is interested in hearing more from the readers. Please let us know in the comments below your opinion on Nomura's change.