Crypto
Nomura temporarily cuts crypto exposure after Q3 profit fall
Nomura is temporarily reducing its exposure to digital assets after third-quarter profit fell and global cryptocurrency markets deteriorated, Cointelegraph reported, citing Bloomberg Japan. Nomura’s net profit fell 9.7 percent from a year earlier to 91.6 billion yen. CFO Hiroyuki Moriuchi said the firm will strengthen short-term risk management, citing losses at its European digital-asset unit and crypto market volatility. Bitcoin fell sharply during the quarter.
