New Crypto Subsidiary to be Established by Largest Investment Bank in Japan

8:28 am, Tue, 17 May 22

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The overall crypto market has been seeing quite the downward momentum that was triggered by the Russo-Ukraine conflict. Even though the prices of the major cryptocurrencies did recover to some extent but did not last very long.

Taking Bitcoin as an example we can see that it has been struggling to reach the $40k price region. The flagship crypto asset is now trading at $30,481 (at the time of writing).

However, despite the price uncertainty seen for cryptocurrencies, Japan’s largest investment bank has moved to create a new subsidiary.

This new initiative is set to offer different opportunities to the clients, especially the institutional clients. Let’s find out more details about Japan’s new move.

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What Could be the Benefits of a New Crypto Subsidiary?

Many new crypto enthusiasts and investors often wonder what influences the market price of cryptocurrencies. There are several reasons and factors that cause the prices of digital assets to fluctuate, which include geopolitical issues, tweets or statements by an influential name and more.

Whatever the reasons may be, a lot of volatility and unpredictability are associated with the crypto space. This is why many novice parties also become skeptical when the market situation is as it is at the moment.

Despite the market situation, Japan’s prominent investment bank Nomura has taken an exciting new step. According to reports, Nomura is set to launch a new subsidiary company focused on crypto.

This new crypto subsidiary will be outside of Japan and will help institutional investors in buying digital currencies and non-fungible tokens (NFTs).

The bank plans on hiring approximately 100 new employees to work in the crypto space. Several crypto-related services will be provided to the clients under a single company by 2023.

As per reports, the subsidiary company will be launched outside of Japan. However, the establishment of the board will start with Nomura transplants while experts in Web3 and blockchain space are hired.

The bank also has a lot of pressure to get properly acquainted with the crypto industry and new blockchain technologies so they can excel and compete with other companies and organizations.

This expansion of crypto services offered to the clients is not the first major step taken by the investment bank. It was reported that last week Nomura also began offering Bitcoin derivatives trading to its Asian clients.

Important Details to Know as a New Crypto Investor

Buying, selling, trading or even hodling crypto assets can be a complicated and stressful endeavor, especially if the interested parties are not familiar with the basic concepts and have helpful information.

There is a multitude of factors that one needs to be mindful of, whether they are interested in buying or trading cryptocurrencies.

As a new crypto investor, you need to choose a secure and suitable exchange and know which crypto asset to invest in as well. Therefore, if you are a beginner and want to invest in crypto then you should know the following tips:

  • Choose a crypto exchange that offers safety and suits your needs and criteria.
  • Know about crypto assets you can purchase for under one dollar.
  • Monitor the price movement of the digital currency you want to buy and know when to invest.
  • Initially invest as much money as you can afford to lose.

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