Billionaire Steve Cohen Exits Investment in Crypto Startup Radkl
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GTS, a New York Stock Exchange market maker, just founded the quantitative cryptocurrency trading firm. Only five employees, including O'Carroll, are listed on Radkl's website. O'Carroll had already informed Bloomberg that she had quit the organization.
Radkl Continues To Over-Grow
According to the spokesman, "Radkl continues to overgrow with its present investors and remains highly well financed." The New York Mets baseball team is owned by Wall Street tycoon Cohen, whose support for Radkl made national news in September. Additionally, the traditional finance community's interest in cryptocurrency was growing due to his introduction into the market. However, investors Cohen pulled back from the crypto market this year due to a decline in digital assets and a slew of crises, including the LUNA crisis. Along with Radkl, Cohen also invested in cryptocurrencies through his family office, Cohen Private Ventures, which participated in a capital round for the non-fungible token (NFT) business Recur last year.
The WSJ also reported that in August 2021, Point72's venture-capital arm had invested in Messari, a crypto data, and analytics provider. Other hedge fund billionaires like Paul Tudor Jones and Stanley Druckenmiller publicly embraced crypto during the peak of the cryptocurrency market last year, which further fueled a rise in digital currencies.