Nomura Lowers Crypto Exposure Amid Decline in Q3 Earnings

Nomura's CFO confirmed the firm's dedication to digital assets while addressing the need to mitigate short-term risks due to declining profits.

Nomura Holdings has taken steps to temporarily lessen its engagement with cryptocurrencies as it navigates a downturn in profits during the third quarter.

According to Hiroyuki Moriuchi, the Chief Financial Officer of the firm, Nomura remains steadfast in its long-term investment strategies concerning digital assets. However, he acknowledged the necessity of addressing immediate risks associated with market fluctuations.