Japan's Nomura Launches Its First Bitcoin Derives Amid Crypto Crash

Japanese financial services company Nomura Holdings Inc (NYSE:NMR) has started offering Bitcoin derivatives to its institutional clients due to high demand.

"Working with institutional-grade counterparties will allow us to scale into the increasing demand from our clients," he said.

Price Action: According to data from Benzinga Pro, Bitcoin traded at $30,688.34, up 13.6% in the last 24 hours at the time of writing.

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