Nomura Crypto Chief Warns Market Rout May Delay Unit’s Profit

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 50%

Ireland News News

Nomura Holdings Inc.’s crypto unit may take longer than expected to break even after a rout in digital assets slashed trading volumes and upended business plans.

Laser Digital, which started last year and had aimed to turn a profit by 2024, has also been hit by the sector’s turmoil, its Chief Executive Officer Jez Mohideen said.

Even so, Mohideen had pointed to those challenges as an opportunity, saying at the time that its profit target was a “worse-case” scenario.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto market faces downside pressure as inflation fears and rising oil prices biteCryptos traded flat on Wednesday as the rising price of oil has renewed concerns about inflation and the need for additional interest rate hikes by the Fed.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Ripple co-founder: Biden administration ‘pushed crypto industry offshore’Ripple Labs co-founder and executive chairman Chris Larsen criticized the Biden administration for pushing the crypto industry to Singapore, Dubai and London.
Source: CryptoAmb - 🏆 22. / 68 Read more »