Japan’s largest brokerage company Nomura Holdings launched bitcoin derivatives trading because of the high demand for the cryptocurrency.
The firm began offering bitcoin futures and options trading services. Despite the bearish trend dominating the crypto market, the firm made its first trade with Cumberland DRW on CME Group’s North American financial derivatives platform.
There has recently been a significant increase in the volatility level of bitcoin. When the situation stabilizes, the attractiveness of investing in the digital asset will increase.
Over time, the virtual currency industry will mature and become more regulated. This will lead to a lower amplitude of fluctuations in the value of cryptocurrencies,” said Nomura Holdings manager Tim Albers.
In 2018, Nomura Holdings opened a “digital office” in Singapore to look for promising projects in cryptocurrencies, artificial intelligence technology and digital commerce. Accordingly, the decision to list bitcoin derivatives means that the department’s staff is confident in the high investment potential of derivatives based on the coin.