Nomura Reveals $68 Million Loss in Crypto Arm
Analysis
Price Impact
LowThe $68 million loss by nomura's crypto arm, laser digital, reflects market movements from october and november, specifically the '10/10' crash. while significant for nomura, this is a disclosure of past pain and the market likely absorbed these events already. nomura's stated commitment to de-risk its books indicates increased caution rather than a fresh market catalyst.
Trustworthiness
HighBased on official financial disclosures from nomura holdings and direct statements from their cfo, hiroyuki moriuchi, reported by u.today.
Price Direction
NeutralThe news itself reports on past losses suffered by an institution. while it highlights the volatility of the crypto market, nomura is tightening risk controls, which is a firm-specific strategic adjustment rather than an immediate bullish or bearish market signal. the market has likely priced in the events from oct/nov.
Time Effect
ShortThe disclosed losses pertain to events in october and november of the previous year. the news acts as a retrospective report, with limited immediate price-moving impact. nomura's de-risking strategy is a longer-term internal adjustment.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News The '10/10' aftermath Tightening the reins Advertisement Japanese financial giant Nomura Holdings has disclosed a significant 10.6 billion yen ($68 million) loss in its wholesale division. The crypto subsidiary of the behemoth (Laser Digital) is the main culprit behind the loss. The disclosure offers a rare glimpse into the institutional pain caused by the "10/10" market crash. HOT Stories Ripple Participates in High-Stakes White House Summit Crypto Market Review: XRP Abandoned by Bulls, Ethereum (ETH) Takes $200,000,000 Punch, Don't Write off Shiba Inu (SHIB) Top British Corporate BTC Holder Determined to Buy More U.Today Crypto Digest: Shiba Inu (SHIB) Eyes Potential 700% Rally, XRP Ledger Breaks Historical Record, Peter Brandt Issues Bearish Bitcoin Price Prediction Nomura CFO Hiroyuki Moriuchi confirmed that the losses were driven by "digital asset market movements observed in October and November," specifically citing "some long positions" that were battered by the sudden volatility. Advertisement The '10/10' aftermath Nomura’s status as a publicly traded entity forced a disclosure that is likely to be just the tip of the iceberg. During the Q&A session, analyst Masao Muraki pressed the CFO on how the unit, which was profitable just a year prior, swung to such a steep loss. You Might Also Like Thu, 04/24/2025 - 14:25 XRP Now One Tap Away for 20 Million Users in Japan By Gamza Khanzadaev Advertisement Moriuchi admitted that Laser Digital had held "sizable" long positions leading into the crash, which were punished when the market turned. "Last year, in November and December, there was some market disruption," Moriuchi explained. "There is upside as well as downside, quite significant upside as well as significant downside." Tightening the reins Despite the $68 million hit, Nomura insists its long-term commitment to the digital asset space is "unchanged." However, the firm is taking immediate steps to de-risk its books. "To limit short-term earnings fluctuations, we have further tightened control over positions and risk exposure," Moriuchi stated. He explicitly noted that the firm is now "reducing the volume of risk" to prevent similar volatility from impacting future earnings. Laser Digital, which launched two years ago, engages in market making, fund management, and venture investment. The unit was profitable in Q2, but Q3 wipeout shows that institutional-grade risk management frameworks can struggle against the extreme velocity of crypto market cycles.