Billionaire Hedge Fund Manager Steven Cohen to Invest in New Crypto Trading Firm: Report

The New York Mets owner is set to make an investment in Radkl, a new quantitative trading firm for digital assets.

AccessTimeIconSep 14, 2021 at 10:40 a.m. UTC
Updated May 11, 2023 at 7:00 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Steven Cohen will invest in a new crypto trading firm in the billionaire hedge-fund manager’s latest bet on the cryptocurrency market.

  • The New York Mets owner is set to make an investment in Radkl, a quantitative trading firm for digital assets, the Wall Street Journal reported Tuesday.
  • Pronounced “radical,” Radkl launches today and is run by a team from high-speed trading firm GTS.
  • A spokeswoman from Point72 Asset Management, Cohen’s hedge-fund firm, has said that Cohen is investing in Radkl in a personal capacity and won’t be involved in its day-to-day operations.
  • Point72 has also been actively investing in the crypto market, and led a $21 million Series A funding round into data analytics platform Messari last month.
  • Cohen’s forays into crypto go back to 2018, when he invested in cryptocurrency-focused hedge fund Autonomous Partners.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about