Nomura strengthens its crypto strategy at Laser Digital.

Nomura's Commitment to Crypto Continues

Nomura Holdings continues its commitment to cryptocurrencies. The company aims to limit short-term profit fluctuations by tightening risk and position limits within its Laser Digital unit. This strategy represents a significant step towards long-term growth objectives.

Effective Controls in Market Fluctuations

This move comes after a third-quarter loss at Laser Digital, which contributed to a 9.7% decline in Nomura's profits. The sudden collapse in October wiped out over $19 billion in leveraged crypto positions. Nomura emphasized that the risk controls at Laser Digital functioned as expected during the recent market turmoil.

The company argued that the weak performance in the third quarter was not due to a fundamental weakness or a loss of confidence in digital assets, but rather stemmed from the volatility inherent in the cryptocurrency market.