Billionaire Steve Cohen backs new cryptocurrency trading firm Radkl

Published Sep 14 2021 at 11:21 AM GMT
  • A new cryptocurrency trading firm called Radkl is launching Tuesday with an undisclosed amount of financial support from billionaire Steven A Cohen, The Wall Street Journal reported.
  • Executives at Radkl and a spokeswoman for Cohen told the newspaper the quantitative trading firm will specialize in digital assets under a team from GTS, a high-speed trading firm based in New York that trades stocks and options.
  • Cohen is tapping his personal fortune to invest in Radkl rather than using capital from his hedge fund, Point72 Asset Management LP.
  • It's the latest in a series of investments in crypto ventures by Cohen.
  • In a statement, Cohen said cryptocurrencies remain in the early stages of adoption and as more professional investors move into the business, "there's a need for institutional acumen and a firm like Radkl.



  • Published Sep 14, 2021 11:21 AM GMT