Japanese Banking Giant Cuts Crypto Bets After Q3 Profit Slump

bitcoinistPubblicato 2026-02-03Pubblicato ultima volta 2026-02-03

Introduzione

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

Domande pertinenti

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.

Letture associate

Must-Watch Events Next Week|CLARITY Act Could Face Senate Vote; SpaceX, Circle to Report Earnings (8.3-8.9)

**Summary: Key Events and Developments to Watch (August 3-9)** The upcoming week is marked by significant financial disclosures, key legislative deadlines, and notable product updates. **Major Financial Events:** Several companies are scheduled to release their Q2 2026 earnings. American Bitcoin (ABTC) will report on August 3, followed by SpaceX and Hut 8 Mining Corp. on August 4, and Circle on August 5. Notably, a significant portion of SpaceX shares (up to 12% of total shares) will be unlocked on August 6 following their earnings release. **Key Legislative Deadline:** The U.S. Senate faces an August 7 deadline to secure 60 votes for the CLARITY Act, a bipartisan bill aiming to establish a federal regulatory framework for cryptocurrencies. The Senate may hold a full vote on the bill during the week. **Economic Data:** The U.S. July Non-Farm Payrolls report will be released on August 7, providing crucial labor market data. **Technology & Product Updates:** * **Shutdowns:** DeFi portfolio tracker Zapper and wallet app Ctrl Wallet will cease operations on August 3. * **Upgrades:** LayerZero will deprecate its v1 relayers on August 3. XRP Ledger's new version 3.3.0, featuring five new functions, is expected next week. * **AI:** Elon Musk announced that the advanced Grok 4.6 AI model is set for release around August 7. * **Bitcoin:** The BIP-110 forced signaling for a potential Bitcoin network change is scheduled to begin around August 8. **Other Notable Events:** Chinese robotics firm Unitree Tech has set its preliminary price inquiry for its IPO for August 5. South Korean exchange Upbit will delist AQT and AERGO tokens on August 3.

marsbit1 h fa

Must-Watch Events Next Week|CLARITY Act Could Face Senate Vote; SpaceX, Circle to Report Earnings (8.3-8.9)

marsbit1 h fa

Stocks Are Plummeting More Sharply Than Cryptocurrencies. Where Has the Money Gone?

Stock Markets Plunge Deeper Than Cryptocurrencies: Where Did the Money Go? In late July, Seoul's Kospi index triggered circuit breakers for two consecutive days, plummeting over 40% from its June high. The collapse was led by heavyweight stocks like SK Hynix, whose record profits still disappointed investors, and devastating leveraged ETFs, with one major product losing over 83% of its value. This signaled a global, forced deleveraging targeting the most crowded trades. Interestingly, while stocks exhibited extreme volatility akin to crypto markets, Bitcoin rose nearly 15% in July after a prior steep drop. Analysis shows the money fleeing equities did not flow into Bitcoin. Instead, Bitcoin had already absorbed its sell-off in May-June, when U.S. spot Bitcoin ETFs saw historic outflows. The true safe-haven beneficiary was gold, whose price rose over 20% year-on-year, highlighting a decoupling between Bitcoin and gold as "digital gold." The sell-off was a targeted unwinding of leveraged positions in tech and semiconductors, accelerated by broker-dealer risk management and shifts in the AI narrative, including new competition from Chinese memory chipmakers. The retreat path was clear: from high-valuation tech stocks to cash and U.S. Treasuries, then to gold. For Bitcoin to attract sustained institutional inflows, conditions like eased global liquidity pressure, a "soft-landing" Fed rate cut, and U.S. regulatory clarity via legislation like the stalled CLARITY Act are needed. Currently, Bitcoin is not a safe haven but an already-cleared asset. Its low correlation with tech stocks, however, makes it a potential diversification play for institutional portfolios once the storm passes. The money isn't here yet, but the positioning is underway.

marsbit1 h fa

Stocks Are Plummeting More Sharply Than Cryptocurrencies. Where Has the Money Gone?

marsbit1 h fa

In Conversation with Ray Dalio: We Are Currently in an AI Bubble, with 1% of My Portfolio in Bitcoin

Ray Dalio, founder of Bridgewater Associates, warns in an interview that the current AI boom shows classic bubble characteristics, which could lead to significant economic downturns as seen in past cycles like 1929 or 2000. He explains that speculative enthusiasm, fueled by debt and overvaluation, often precedes a crash when rising rates or taxation force asset sales, causing widespread losses and recession. Dalio also outlines his "Big Cycle" theory, describing an approximate 80-year pattern where widening wealth gaps, massive government deficits, and shifting geopolitical power (like China's rise) create internal conflict and global instability. He emphasizes that we are in a late-cycle, transitional phase where traditional powers like the US and UK face decline. For personal wealth protection, Dalio advises diversification beyond cash into assets like stocks, bonds, real estate, and particularly gold, which he prefers over Bitcoin. While he holds about 1% of his portfolio in Bitcoin as a non-printable hard asset, he views gold as more secure from technological or governmental threats. Regarding AI's impact, Dalio believes it will disproportionately benefit capital owners, worsening inequality by replacing both physical and cognitive labor. He suggests that human intuition and emotional intelligence, combined with AI, will be key for future workers. On taxation, Dalio argues that wealth taxes are impractical and risk triggering asset sell-offs, reducing productive investment. He points to the UK as a cautionary example of debt, low productivity, and political strife. Geopolitically, Dalio foresees a more regionalized world, with the US showing weakness in prolonged conflicts like with Iran, akin to past imperial declines. The ideal outcome, he suggests, is coexisting powerful blocs (e.g., Americas, China-Asia Pacific) without major war.

marsbit5 h fa

In Conversation with Ray Dalio: We Are Currently in an AI Bubble, with 1% of My Portfolio in Bitcoin

marsbit5 h fa

Trading

Spot
活动图片