Japanese Banking Giant Cuts Crypto Bets After Q3 Profit Slump

bitcoinist2026-02-03 tarihinde yayınlandı2026-02-03 tarihinde güncellendi

Özet

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

İlgili Sorular

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.

İlgili Okumalar

KOL's Perspective: Why Is SOL Set to Rise from This Point?

**Summary: Why SOL is Positioned for Growth at This Level** The article argues that SOL is poised for an upward move from its current price point, citing several key factors. Primarily, SOL has just broken out of a 4-month consolidation phase. This breakout signals a return of risk appetite to the broader crypto market, as SOL is seen as a key indicator of overall crypto health. The token's ownership has reportedly shifted from short-term traders and tourists to long-term accumulators, leading to low volume. Any meaningful increase in trading activity could thus trigger significant upward momentum. Fundamental strengths include strong institutional adoption, integration with DeFi and RWAs (Real-World Assets), and the potential benefits from the Clarity Act. Despite its high volatility—having dropped 70% from its all-time high but still up 12x from its bear market low—SOL is highlighted as one of the few tokens from the last cycle to reach new highs. It boasts a robust ecosystem of applications, users, and protocols. Future catalysts include the expected influx of AI developers following the Miami Accelerate conference, which focused on AI on Solana. Furthermore, Solana is positioned as the premier chain for memecoin activity, a trend expected to continue and drive network usage and fees. The article concludes that recent price action reflects a healthy transfer to long-term holders, setting the stage for growth.

marsbit5 dk önce

KOL's Perspective: Why Is SOL Set to Rise from This Point?

marsbit5 dk önce

Those Pre-Bitcoin PoW Protocols Have Recently Been Reimplemented

This article details a recent surge in replicating pre-Bitcoin Proof-of-Work (PoW) protocols, specifically focusing on Hal Finney's 2004 RPOW (Reusable Proofs of Work). Within five days in May 2026, multiple independent builders in the Bitcoin/cypherpunk community launched projects inspired by this early electronic cash proposal. The initiative began with Fred Krueger's `rpow2.com`, a centralized but auditable system that replaced RPOW's original IBM 4758 hardware with Ed25519 signatures. Initially a faithful replica, it later adopted Bitcoin-like features (21M supply cap, difficulty adjustment) and a controversial 5.24% founder allocation. This sparked rapid forks, including `rpow4.com` which incorporated full Bitcoin parameters, a prediction market (`rpowmarket.com`), and a DEX (`rpow2swap.com`). Concurrently, Mike In Space created a prototype of Wei Dai's 1998 b-money proposal (`b-money.replit.app`), pushing the historical exploration even further back. The article contrasts these centralized, server-dependent experiments with Bitcoin's core innovation of decentralized, trustless consensus. It also highlights a parallel development: the `HASH` project on Ethereum, which uses smart contract hooks to enable a purely fair-launch, browser-mineable PoW token with 0% allocations to team or VCs. The collective activity is framed as a meme-driven, educational exploration of cypherpunk history rather than a serious financial movement, with all projects heavily disclaiming any investment value.

marsbit10 dk önce

Those Pre-Bitcoin PoW Protocols Have Recently Been Reimplemented

marsbit10 dk önce

South Korean Exchanges 'Battle' Regulators, Challenging the Boundaries of Enforcement and Legislation

South Korea's cryptocurrency industry is engaged in a rare, direct confrontation with regulators. The Financial Intelligence Unit (FIU), the primary anti-money laundering (AML) watchdog, has recently imposed heavy penalties on major exchanges like Upbit and Bithumb for alleged violations involving unregistered overseas VASPs and AML procedures. However, exchanges are now actively challenging these actions in court and through industry associations. In a significant shift, the Seoul Administrative Court ruled in favor of Upbit's operator, Dunamu, overturning part of an FIU-ordered business suspension. The court found the FIU's penalty criteria and justification insufficiently clear. Similarly, the court suspended the enforcement of a six-month business suspension against Bithumb pending a final ruling, citing potential irreversible harm to the exchange. Beyond legal battles, the industry is contesting proposed legislative amendments. The Digital Asset eXchange Alliance (DAXA) strongly opposes a draft rule that would mandate Suspicious Transaction Reports (STRs) for all crypto transfers over 10 million KRW (~$6,800). DAXA argues this "poison pill" clause violates legal principles and would overwhelm the STR system, increasing reports from 63,000 to an estimated 5.45 million annually for major exchanges, thereby crippling effective AML monitoring. This conflict highlights a structural tension in South Korea's crypto governance: comprehensive digital asset laws are still developing, while regulators rely heavily on AML enforcement. The industry's move from passive compliance to active legal and legislative challenges signifies a new phase, pressing for clearer rules and more proportionate enforcement. While short-term disputes may intensify, this clash could ultimately lead to a more mature and sustainable regulatory framework for South Korea's vibrant crypto market.

marsbit1 saat önce

South Korean Exchanges 'Battle' Regulators, Challenging the Boundaries of Enforcement and Legislation

marsbit1 saat önce

After 50x Storage Surge, Justin Sun Always Looks to the Next Decade

Sun Yuchen, known for his controversial stunts like a $30 million lunch with Warren Buffett (canceled due to a kidney stone) and eating a $6.2 million duct-taped banana, is often overshadowed by a significant fact: his decade-long track record of spotting major investment trends. In 2016, he famously advised young people to invest in Bitcoin, Nvidia, Tesla, and Tencent instead of buying property. A hypothetical $20,000 investment in Nvidia and Tesla from that list would now be worth over 50 million RMB. His latest major call was on November 6, 2025, predicting a "50x storage opportunity" tied to the AI boom, which materialized with Sandisk's stock surging nearly 50-fold by 2026. Looking ahead, Sun now focuses on the next frontier: Physical AI. He identifies four key areas: 1. **Embodied AI/Robotics**: He sees this reaching its "iPhone moment," with companies like UBTech and Galaxy General leading in commercialization. 2. **Drones**: Viewed as the first commercially viable form of Physical AI, revolutionizing sectors from warfare (e.g., AeroVironment's Switchblade) to logistics. 3. **Spatial Computing**: Beyond VR, it's about AI understanding physical space, a foundational technology for robotics and autonomous systems, exemplified by Apple's Vision Pro. 4. **Space Exploration**: After a 2025 suborbital flight with Blue Origin, Sun advocates for space as the ultimate frontier, discussing blockchain's potential role in space asset management and data transactions. His investment philosophy involves betting on entire, inevitable trends rather than single companies. For robotics, he sees Tesla (the body/manufacturer) and Nvidia (the brain/AI platform) as complementary plays. In defense drones, he highlights companies making tanks obsolete (AeroVironment) and those augmenting fighter jets (Kratos). For space, he participated in Blue Origin's flight and anticipates SpaceX's potential IPO to redefine the sector's valuation. Sun Yuchen's vision frames the next two decades not as a revolution in information flow (like the internet), but in the fundamental operation of the physical world through AI-powered robots, autonomous systems, and spatial intelligence, ultimately extending human and AI activity into space. While many still focus on conventional assets, he continues to look toward the next technological horizon.

marsbit2 saat önce

After 50x Storage Surge, Justin Sun Always Looks to the Next Decade

marsbit2 saat önce

İşlemler

Spot
Futures
活动图片