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Bitcoin Derivatives First Nomura Available As Crash Cryptos -by Ecork

Nomura offers its first bitcoin derivatives, just as crypto markets collapsed

Nomura has begun offering over-the-counter bitcoin derivatives to consumers, it said on Friday, a new move by a traditional trading company into the cryptocurrency industry, even as markets are volatile.

The trades, launched on CME by crypto asset trading company Cumberland DRW this week, are the first digital asset trades of the Japanese investment bank, at the head of Nomura, Old-Japan Asia, Rig Karkhanis , said in a statement.

“Working with industry-leading partners will allow us to scale to the growing demand from our customers,” he said.

Many global investment banks are looking to give customers more crypto-related services, in response to asking institutional investors and private clients for access to what is a complex. it grows fast.

However, crypto markets have fallen this week as the meltdown at TerraUSD, one of the world’s largest cryptocurrencies, shipped digital signals, already taking hold in the sale of risky assets, into a meltdown.

Bitcoin hit a 16-month low of around $ 25,400 on Thursday.

(This story has not been edited by an NDTV staff and is automatically generated from an integrated feed.)

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