Japanese Brokerage Giant Nomura Starts Offering Bitcoin (BTC) Derivatives in Asia

– Japanese brokerage giant Nomura Holdings has started offering Bitcoin derivatives to its institutional clients due to high demand.
– Nomura shall be offering Bitcoin non-deliverable forwards and non-deliverable options settled in cash.
– Its clients can start trading Bitcoin futures and options in the market.
– As per the Bloomberg report, Nomura carried out the first trade earlier this week on CME Group Inc.’s platform.
– Nomura’s decision to expand in global markets comes at a very critical time.
– The crypto market has eroded more than $300 billion of investors’ wealth over the last 45 days.
– The Federal Reserve is likely to go aggressive with interest rate hikes this year to control the soaring inflation.
– The chances of a recession in the U.S. are higher if it reports a second consecutive quarter of negative GDP.