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 announced that it has begun offering Bitcoin derivatives to its customers in Asia, amid growing institutional demand for its cryptocurrency products.
Nomura made the following statements in his post:
“We have launched Bitcoin OTC derivatives for Asian customers outside of Singapore. We also ran 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:
“Options allow investors to directly trade volatility and hedge against downside risks in the crypto market ”
Tim Albers, Nomura’s head of forex configuration, said in an interview with Bloomberg:
“There’s been significant volatility lately. When things settle down, valuations will become more attractive to corporate clients. We are very excited to bring this to life.”
