Three major Japanese securities giants consider entering the cryptocurrency trading business

BTC-1,63%

BlockBeats News, February 18 — Three Japanese securities giants with a combined market value of approximately $48 billion have announced they are considering entering the cryptocurrency trading business, with the largest of the three aiming to offer crypto trading services by the end of 2026.

According to Japan’s Nihon Keizai Shimbun, Nomura Holdings, Japan’s largest securities provider managing about $673 billion in client assets, will conduct related activities through its Swiss crypto subsidiary Laser Digital. The report also states that two other companies—Daiwa Securities Group and SMBC Nikko Securities—are actively considering entering the cryptocurrency trading market.

The report indicates that these companies expect crypto investment demand to surge when Tokyo relaxes restrictions on cryptocurrency exchange-traded funds, prompting them to prepare in advance. Japanese companies are refusing to let Bitcoin price drops undermine their crypto adoption plans, and it is anticipated that by 2026, many digital asset reserves will increase their crypto holdings.

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