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

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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.

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