NomuraChief executive Chairman jez mohideenmentioned that the decrease in the trading volume in crypto negatively affects the profitability of the company.
Nomura Holdings entered the digital asset side last year. Japan-based finance giant started its activities in the digital asset sector with its establishment called Laser Digital. The company’s expectations were to make a profit in 2024. But things aren’t going as expected in Nomura’s digital asset leg.
Nomura of Holdings The cryptocurrency suffered from the collapse and loss of transactions on the part of digital assets. Nomura Chief Executive Officer jez mohideen In an interview with Bloomberg, he stated that the worst scenarios in the crypto industry also affect them. Mohideen said the processes delayed profit expectations.
Nomura addresses regulators and the crypto industry
Suggesting bad scenarios in the crypto money industry Nomurastated that as a company, they lowered their profit expectations in crypto. NomuraChief executive Chairman jez mohideenHe said it’s still too early to make a profit.
Mohideen has focused on the crypto industry. However, as it is known, the market has been affected by negative news flows and regulatory pressures lately. For this reason, the volume in crypto is quite low. It is also noticeable that activities in the crypto sector have decreased. Considering all these factors mohideen, laser digitalHe stated that the profit expectation was postponed.
“Our journey to profitability may take a little longer than we anticipated a year ago,” Nomura’s crypto chief said in an interview. examining the subject mohideenHe mentioned that volumes are falling and regulators are constantly loading up on crypto with something new.
Although Mohiden addressed the bad course in the industry, he also gave positive signals. It is reported that Laser Digital has recruited 70 people so far and plans to hire 20 more over time. However, Nomura has not lost faith in the industry. Because the company established an office in Tokyo to expand its crypto activities.
