Nomura Cuts Crypto Exposure Amid Q3 Profit Slump
Nomura told investors it trimmed cryptocurrency exposure as part of measures to address a Q3 profit shortfall, according to CFO Hiroyuki Moriuchi. He reiterated that the firm maintains a long-term strategic view on digital assets but must carefully manage short-term risks and capital allocation amid earnings pressure.
The move matters because it highlights how legacy financial firms are balancing client demand for crypto services with profitability and regulatory constraints. Reduced trading and balance-sheet exposure can tighten liquidity for institutional counterparties and signal a broader risk-off stance among banks, yet Nomura's continued long-term commitment suggests services such as custody and client access may be preserved even as the firm reins in proprietary positions.