Nomura, Japan’s largest broker, has expanded its product line to include bitcoin derivatives for institutional investors. He writes about Bloomberg.

The service is provided by a subsidiary established in Singapore in 2018 that serves the interests of customers in Asian countries other than Japan. CEO Tim Albers noted that interest in digital assets has increased “significantly” over the past two years.

Previously, the structure started trading in undeliverable futures and options and will now add bitcoin futures and options to that list. The step became possible after the first operation CME with market maker Cumberland DRW. The current turbulence in the cryptocurrency market has not prevented this.

Albers said the company plans to expand its trading opportunities in other global markets over time.

“Over time, we expect the industry to mature, become more organized and, as a result, more attractive to institutional investors. As a result, volatility will decrease.”Albers guessed.

Recall that Nomura launched a custody service for institutional investors in 2018, along with Ledger and CoinShares.

Earlier, former employees of investment bank Jefferies announced the opening of Crossover Markets Group, a platform for trading cryptocurrencies focused on financial institutions.