Nomura Reduces Crypto Investments After Q3 Financial Setbacks

Nomura's Laser Digital faced losses in Q3, prompting a reduction in crypto exposure and resulting in disappointing quarterly profits for the firm.

In light of financial struggles during the third quarter, Nomura Holdings has decided to decrease its investments in cryptocurrencies. The company's digital asset branch, known as Laser Digital, reported significant losses, which contributed to Nomura's disappointing quarterly net profit.

The decision to limit exposure to the volatile crypto market comes after the firm’s financial outcomes fell short of expectations. This move reflects the broader challenges facing investors in the crypto space.