Crypto Trading Firm Radkl gets Steve Cohen’s investment
The hedge fund magnate and owner of the New York Mets expresses support for the crypto industry.
Crypto Trading Firm Radkl has acquired a high-profile investor, Steve Cohen. Cohen invested an undisclosed about of financial support for the new firm, which launched on Tuesday.
Additionally, the Wall Street Journal says Cohen is investing with his personal assets.
A spokesperson from Radkl reveals Cohen “won’t be involved in Radkl’s day-to-day operations.” The move is one of several investments in crypto ventures that Mr. Cohen or his businesses have made in recent months.”
The company is working with GTS, a New York-based quantitative trading firm.
In an official press release, Radkl plans to trade in Q4 of 2021. The company’s executive includes Ryan Sheftel, currently a partner at GTS.
At the moment Crypto Trading Firm Radkl is “building a team of engineers, data scientists, and other world-class technologists.”
High Top Net Worth Individuals Embracing Crypto.
Meanwhile, Cohen has investment in NFT startup Recur. Cohen will join its board after investing in Recur’s Series A funding round.
Mr. Cohen said that “While the cryptocurrency market is now a $2 trillion asset class, we are still in the early stages of institutional adoption.”
In addition, he said “as more professional investors enter this space, there’s a need for an institutional player like Radkl that engages in large digital asset transactions. This is a natural extension of GTS’ technology focus, and I am excited about the opportunity to support them in this initiative.”
