Steve Cohen — the hedge funder and owner of the New York Mets — announced his latest bet in the crypto market: a new trading shop, called Radkl.
Cohen — who's been ramping up his activity in the crypto market through his family office and hedge fund, Point72 Asset Management — has agreed to be an investor in the new venture, but the deal has not officially closed, according to a spokeswoman. Cohen will not be involved in the firm's day-to-day operations, she added.
In May, The Block reported that Cohen and Point72 were poised to make a "big" move into crypto. Since then, Point72's venture arm has backed Messari in its Series A fundraise. Steve Cohen also has invested in Digital, an investment vehicle in the non-fungible token market.
Radkl, which will engage in various types of trading …