Japanese Banking Giant Cuts Crypto Bets After Q3 Profit Slump

bitcoinistPublicado a 2026-02-03Actualizado a 2026-02-03

Resumen

Japan's largest brokerage firm Nomura announced it will temporarily reduce its cryptocurrency trading positions following a 10% decline in net income for the third quarter ending December 31. The profit slump, partly attributed to trading losses at its European crypto subsidiary Laser Digital, prompted tighter risk controls and position limits to manage earnings volatility. Despite this short-term pullback, Nomura remains committed to its long-term digital asset strategy, with Laser Digital actively seeking to expand services internationally, including applying for a U.S. trust bank charter. The firm aims to balance immediate risk management with continued development of crypto infrastructure and institutional services.

Nomura, Japan’s biggest brokerage and banking giant, said it will temporarily trim its cryptocurrency positions after a weak quarter that dented profits and tightened its short-term risk tolerance. The pullback looks aimed at smoothing swings to earnings while the firm keeps its longer-term plans for digital assets alive.

Bank Cuts Crypto Exposure After Profit Decline

According to earnings disclosures and company remarks, Nomura’s net income fell nearly 10 percent in the third quarter that ended December 31, leaving group profit lower than a year earlier and prompting management to curb some crypto trading positions to limit further hits.

Nomura’s European crypto arm, Laser Digital, had posted trading losses during the period, which management singled out as a key factor behind the move to tighten position limits.

Reports note that executives described the steps as temporary and targeted — not an exit from the market but a way to manage volatility while other parts of the business keep growing.

Short-Term Pullback, Long-Term Play

There is a split in the timeline. On one hand, Laser Digital has recently filed paperwork to expand its services abroad, including applying for a US national trust bank charter as it seeks to offer custody and trading to institutional clients.

On the other hand, trading desks that took losses are being put on a tighter leash so quarterly results don’t swing wildly. That two-track approach is what analysts say explains the seeming contradiction.

BTCUSD currently trading at $77,858. Chart: TradingView

Investors reacted quickly. Nomura’s shares slipped after the earnings update, reflecting market concern about the hit to European operations and the extra costs tied to a large acquisition completed in the period.

Management has flagged that one-off charges played a role in the weaker profit line, alongside the trading losses.

Risk Controls Tightened, Growth Goals Kept

Reports say Nomura has tightened risk controls around digital-asset positions and is conducting stricter oversight of exposures that can swing with crypto price moves.

At the same time, executives stressed the firm’s broader commitment to building crypto infrastructure and services over the medium to long term, rather than abandoning the sector outright.

The immediate effect is clear: fewer large directional bets in the trading book and more cautious position sizing. That reduces profit volatility but can limit upside if crypto prices rebound sharply.

Featured image from The Exchange Asia, chart from TradingView

Preguntas relacionadas

QWhy did Nomura decide to temporarily reduce its cryptocurrency positions?

ANomura decided to temporarily trim its crypto positions after a weak third quarter that saw a nearly 10% decline in net income, which tightened its short-term risk tolerance. Trading losses at its European crypto arm, Laser Digital, were a key factor behind this move.

QWhat was the performance of Nomura's net income in the third quarter ending December 31?

ANomura's net income fell nearly 10 percent in the third quarter that ended December 31, leaving group profit lower than it was a year earlier.

QWhat long-term plans does Nomura have for its digital assets business despite the short-term pullback?

ADespite the short-term reduction in crypto trading, Nomura remains committed to building crypto infrastructure and services over the medium to long term. Its European arm, Laser Digital, has filed to expand services abroad, including applying for a US national trust bank charter.

QHow did investors react to Nomura's earnings update and what were their concerns?

AInvestors reacted by pushing Nomura's shares lower. Their concerns were primarily about the hit to the firm's European operations and the extra costs associated with a large acquisition that was completed during the period.

QWhat specific measures has Nomura implemented to manage risk in its digital asset exposures?

ANomura has tightened risk controls around digital-asset positions and is conducting stricter oversight of exposures that are sensitive to cryptocurrency price movements. This includes reducing large directional bets and implementing more cautious position sizing.

Lecturas Relacionadas

Soaring 20% Then Dropping 5%: When Will the Bottom of the Korean Stock Market Be?

"South Korean stocks face a turbulent period as the KOSPI index, after a 20% surge, fell 5% to 6257 points. The market is grappling with severe issues: over 500,000 leveraged retail accounts have been liquidated, and more than 24 trillion won has flowed from stocks into bank deposits for safety. This reflects a significant loss of market liquidity and shaken investor confidence. In response, Korean financial regulators are taking action. They have tripled the minimum保证金 (margin) requirement for single-stock leveraged ETF trades to 30 million won and are considering granting themselves "emergency intervention" powers. These could include capping leverage ratios and setting investment limits on these ETFs, seen by many as amplifying market volatility. Initial results show a 75% drop in these products' trading volume post-regulation. The market downturn has political repercussions, pushing President Yoon Suk-yeol's approval rating to a new low. Meanwhile, foreign investors made a record net purchase of 7.18 trillion won during a recent rebound, while domestic retail investors sold off massively. Morgan Stanley has upgraded South Korean stocks to "overweight," citing the ongoing "leverage unwinding" and potential for a 36% upside, with giants like Samsung Electronics and SK Hynix providing valuation support. However, analysts caution that the market's structure remains vulnerable to foreign capital flows, and the current low may not be the bottom."

marsbitHace 14 min(s)

Soaring 20% Then Dropping 5%: When Will the Bottom of the Korean Stock Market Be?

marsbitHace 14 min(s)

Goldman Sachs Stakes a Clear Position: This Is the Largest Capital Demand Cycle in Human History, and the Fed Is Just an Observer

Goldman Sachs argues that the world is entering the most capital-intensive investment cycle in history, driven by concurrent massive demands from AI infrastructure, reindustrialization, defense reinvestment, power grid rebuilding, supply chain realignment, and sovereign debt financing. This structural competition for capital is pushing its cost higher, fundamentally altering investment paradigms. Goldman's Mark Wilson states that the Federal Reserve is merely a "passenger, not the driver" in this shift, with rising yields rooted in these real economy demands rather than just monetary policy. While major indices appeared calm in July, underlying market movements were historic, featuring extreme stock dispersion and a severe momentum factor crash, leading to significant de-risking by fund managers. Wilson cautions against expecting a quick reversal in August, citing ongoing digestion of higher rates, disrupted risk models, and typically muted market performance ahead of US midterm elections. Corporate fundamentals remain robust with strong earnings, though growth rates are peaking in the US while accelerating in Europe. Notably, hyperscale cloud companies like Amazon and Microsoft are announcing staggering capital expenditure projections for 2027-2028, justified by explosive AI-related revenue growth and high returns. Amazon revealed its AI revenue run-rate exceeds $25 billion, growing triple-digits annually, and expressed confidence that AWS could become a trillion-dollar revenue business. The report concludes that a transitional period is underway, marked by a growing tension between aggressively investing private tech giants and increasingly capital-constrained sovereign governments. The AI super-cycle continues, with August likely being a consolidation phase.

marsbitHace 19 min(s)

Goldman Sachs Stakes a Clear Position: This Is the Largest Capital Demand Cycle in Human History, and the Fed Is Just an Observer

marsbitHace 19 min(s)

Outflow of Stablecoins from South Korea Continues for 18 Consecutive Months, Exceeding $360 Million in June

In June 2026, South Korea experienced a net outflow of stablecoins to overseas crypto exchanges, amounting to 560.3 billion won ($367 million). This represents approximately 78% of the net value of foreign stocks purchased by Korean investors in the same period. According to the Financial Supervisory Service (FSS), this marks the 18th consecutive month of net outflows, a trend ongoing since January 2025. The FSS reported that 2.76 trillion won ($1.8+ billion) in stablecoins were withdrawn from the country's five major exchanges to foreign platforms in June, while 2.2 trillion won ($1.4 billion) flowed back in. The second quarter of 2026 saw a significant net outflow of 1.69 trillion won (~$1.1 billion), surpassing net sales of foreign stocks in the same period. Analysts cite access to unavailable domestic financial instruments as a primary driver. Foreign platforms offer crypto derivatives, spot and futures products tied to major Korean stocks like Samsung and Hyundai, along with RWA tokenization, DeFi, staking, and leveraged products. Lawmaker Lee Jong-wook warned that the stablecoin outflows constitute capital flight, exposing investors to risks on unregulated foreign platforms. He called for accelerated regulatory reform and enhanced investor protection measures. The government is reportedly working on a digital assets law to foster the blockchain sector.

cryptonews.ruHace 24 min(s)

Outflow of Stablecoins from South Korea Continues for 18 Consecutive Months, Exceeding $360 Million in June

cryptonews.ruHace 24 min(s)

Trading

Spot
活动图片