Nomura Tightens Risk Controls at Laser Digital

Nomura Makes Changes to Risk Management at Laser Digital

Nomura Holdings has decided to tighten risk controls and position management at its crypto unit Laser Digital following losses experienced there. These losses resulted in a 9.7% decline in the company's net profit for the fiscal third quarter.

This move comes after the sudden decline in the crypto market that occurred in October. This development led to the liquidation of over $19 billion in leveraged positions and contributed to Bitcoin falling to approximately 31% below its all-time high as the year approaches its end.