Three Japanese Securities Giants Consider Entering Cryptocurrency Trading Business

BlockBeats News, February 18th. Three Japanese securities giants with a total market capitalization of around $480 billion have stated that they are considering entering the cryptocurrency trading business, with the largest of them aiming to offer crypto trading services by the end of 2026.

According to the Nikkei, Japan's largest securities provider, Nomura Holdings, which manages around $673 billion in client assets, will conduct the related business through its Swiss crypto subsidiary, Laser Digital. The report stated that the other two companies, Daiwa Securities Group and SMBC Nikko Securities, are also actively considering entering the cryptocurrency trading market.

The report mentioned that these companies anticipate a surge in demand for crypto investments as Tokyo relaxes restrictions on cryptocurrency exchange-traded funds, so they are proactively preparing. Japanese firms are determined not to let a Bitcoin price crash derail their crypto adoption plans, with expectations that by 2026, many digital assets will be added to their crypto holdings.