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institutionalfailure
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NOMURA CRASHES 5.3% ON CRYPTO LOSSES!
⚠️ MAJOR INSTITUTIONAL PAIN ALERT.
Japanese giant Nomura took a massive hit this quarter.
Their crypto arm, Laser Digital, is responsible for huge red ink.
Analysts peg the losses at over 10 Billion Yen from their Swiss subsidiary.
This shows the deep exposure legacy finance has to volatile assets.
#CryptoExposure #InstitutionalFailure #Nomura #LaserDigital 📉
⚠️ MAJOR INSTITUTIONAL PAIN ALERT.
Japanese giant Nomura took a massive hit this quarter.
Their crypto arm, Laser Digital, is responsible for huge red ink.
Analysts peg the losses at over 10 Billion Yen from their Swiss subsidiary.
This shows the deep exposure legacy finance has to volatile assets.
#CryptoExposure #InstitutionalFailure #Nomura #LaserDigital 📉
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