Japanese investment bank Nomura announced on its Twitter account on Friday that it has started offering over-the-counter Bitcoin derivatives to its customers in Asia.
Nomura has announced that it has begun offering Bitcoin derivatives to its customers in Asia as institutional demand for its cryptocurrency products increases. Nomura made the following statements in the post he shared:
“We launched Bitcoin OTC derivatives for clients in Asia outside of Singapore. We also launched our first Bitcoin futures and options trades with Cumberland Says at CME Group this week.”
Rig Karkhanis, former head of Asian markets at Nomura, said:
“The options allow investors to directly trade volatility and hedge against downside risks in the crypto market.”
Tim Albers, head of forex configuration at Nomura, said in an interview with Bloomberg:
"There's been significant volatility lately. Once things calm down, valuations will become more attractive to institutional clients. We're pretty excited to bring this to life."
Bitcoin Step From Brazil's Largest Bank
Brazil's largest bank Nubank will invest 1% of its portfolio in Bitcoin and begin allowing users of its app to buy, sell and hold BTC and Ethereum.
According to media outlet Exame, neobank will convert 1% of its equity into Bitcoin through its holding company Nu Holdings. Nubank said the decision to invest in BTC was made to "strengthen the company's belief in the current and future potential of Bitcoin to disrupt the financial services industry."
Making its debut on the New York Stock Exchange in December last year, the company announced in a blog post that its clients can start trading BTC and ETH for as little as 1 Brazilian real (about $0.19).
In another post on this topic, the bank wrote that this feature is available in beta for a small number of customers to begin with, implying that it may add more tokens at a later date, and wrote that it has “decided to start with the largest cryptocurrencies on the market.” He also said that BTC and ETH are "the largest and most stable cryptocurrencies in the world." Full rollout of this new feature is expected in the coming months.