Market Volatility Spurs Strategic Shift
The ongoing downturn in crypto markets has significantly impacted Nomura's European operations. Senior executives revealed during the latest quarterly earnings call that the division has turned unprofitable amid deteriorating conditions.
Enhanced Risk Management
Chief Financial Officer Hiroyuki Moriuchi emphasized that the firm has implemented stricter controls over crypto-related positions and exposure to mitigate risks associated with short-term profit fluctuations.
Long-Term Vision Intact
Despite the challenging climate, Nomura remains committed to its long-term crypto strategy. The company is recalibrating its approach to maintain resilience and competitiveness in uncertain market environments.