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Steve Cohen’s Point72 Is Exploring Blockchain, Crypto Sector

  • Would be remiss to ignore $2 trillion crypto market, firm says
  • No timetable for plans, Point72 says in investor letter
Steve Cohen
Steve Cohen

Photographer: Scott Eells/Bloomberg

Updated on

Steve Cohen’s Point72 Asset Management is eyeing cryptocurrency-related investments.

“We are exploring opportunities around blockchain technology and its transformative and disruptive capabilities,” the firm said in a letter to investors seen by Bloomberg. “We would be remiss to ignore a now $2 trillion crypto currency market.”