Nomura Offers Bitcoin Derivative Trading to Clients

Nomura, Japan’s largest broker, has expanded its product line for institutional investors to include Bitcoin derivatives. Bloomberg reports.

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The service is offered by a unit established in 2018 in Singapore, which serves clients in Asian markets outside Japan. CEO Tim Alberts noted a ‘significantly’ increased interest in digital assets over the past two years.

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Earlier, the unit launched trading of OTC forwards and options, and will now add Bitcoin futures and options to this list. The move became possible after the first trade on the CME with market maker Cumberland DRW. The turbulence in the cryptocurrency market did not prevent this.

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According to Alberts, the company plans to broaden trading capabilities on other global markets over time.

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“We expect that, over time, the sector will mature, become more regulated and, as a result, more attractive to institutional investors. As a result, volatility will decrease,” Alberts said.

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In 2018, Nomura, together with Ledger and CoinShares, launched a custody service for institutional investors.

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Earlier, former Jefferies executives announced the launch of a platform aimed at financial institutions for trading cryptocurrencies, Crossover Markets Group.

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