Billionaire Cohen to invest in new crypto trading firm Radkl

KIFI

Published September 14, 2021 12:34 PM

By STAN CHOE
AP Business Writer

NEW YORK (AP) — A cryptocurrency company launched by partners of a major Wall Street trading firm has snagged the support of billionaire investor Steven A. Cohen. The 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 U.S. stocks on a given day. Radkl, which is pronounced like “radical,” plans to trade across cryptocurrency coins and exchanges. It’s the latest foray by big names from the traditional financial world into crypto.

Article Topic Follows: AP National Business

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