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Nomura’s Crypto Arm Might Take Longer Time to Turn Profitable After Market Rout: CEO

Laser Digital, the digital asset subsidiary of the Japanese financial services giant Nomura, might take a longer time to turn profitable than expected, as the company is still grappling to recover from the sector’s turmo...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Nomura’s Crypto Arm Might Take Longer Time to Turn Profitable After Market Rout: CEO
Laser Digital, the digital asset subsidiary of the Japanese financial services giant Nomura, might take a longer time to turn profitable than expected, as the company is still grappling to recover from the sector’s turmoil.
Laser Digital had previously forecasted to make profits by 2024. However, in an interview with Bloomberg, the company’s CEO Jez Mohideen noted that the firm has been hit by the crypto industry’s turmoil, which would delay its profit making growth....
Read More: Nomura’s Crypto Arm Might Take Longer Time to Turn Profitable After Market Rout: CEO

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