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Nomura Japanese Investment Bank said on Twitter On Friday, it began offering over-the-counter Bitcoin derivative contracts to its clients in Asia from Singapore.
“We launched #Bitcoin OTC #derivatives with non-deliverable Bitcoin futures and non-deliverable options for customers in #Asia from Singapore. We also executed our first Bitcoin #futures and #options trades this week on @CMEGroup with @CumberlandSays,” Nomura said in the post.
CME Group is the largest financial derivatives exchange in the world, while Cumberland DRW is a firm specializing in the trading of crypto-assets.
“Options allow investors to directly trade volatility and protect against downside risk in the crypto market,” Rig Karkhanis, Nomura’s head of global markets for Asia ex-Japan, said in a statement. attached to the tweet.
Tim Albers, Nomura’s head of forex structuring in Asia ex-Japan, told Bloomberg in an interview: “There has been significant volatility recently. … Once the dust settles, valuations will become more attractive to institutional clients. We’re very excited to get this off the ground.
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