Billionaire Cohen To Invest in New Crypto Trading Firm Radkl
A cryptocurrency company launched by partners of a major Wall Street trading firm said yesterday that it has snagged the support of billionaire investor Steven A. Cohen, as big names from the traditional financial world continue to embrace the industry surrounding crypto.
Mr Cohen, a hedge-fund manager and owner of the New York Mets, has agreed in principle to invest in Radkl, a crypto trading firm, though the deal is not final. The company is being launched by partners of GTS, a firm that trades as much as a billion shares of US stocks on a given day.
A Cryptocurrency company launched by partners of a major Wall Street trading firm said yesterday that it has snagged the support of billionaire investor Steven A. Cohen
Radkl, which is pronounced like “radical,” plans to trade across cryptocurrency coins and exchanges.
Mr Cohen, who will not be involved in the day-to-day operations of Radkl, has been making investments in the crypto world through various avenues.
“We can assure you that we will be prudent in the nature of and sizing of our investments, both from an allocation and market standards perspective,” it said.
“We do, however, believe there is more innovation and evolution to come in the space, and we want to make sure we have a seat at the table.”