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Point72’s Steve Cohen Exits Investment in Crypto Firm Radkl

  • Radkl lost at least four managing directors this year
  • Trading shop was one of several Cohen-backed crypto ventures
Steve Cohen

Steve Cohen

Photographer: Scott Eells/Bloomberg

Updated on

Hedge fund billionaire Steve Cohen exited his investment in cryptocurrency trading startup Radkl, according to a spokesperson for the digital-asset company.

The quantitative crypto trading firm, which was formed last year by New York Stock Exchange market maker GTS, has already lost at least four managing directors this year, including Jim Greco, Allan Erskine, Jason Bell and Beatrice O’Carroll. On Radkl’s website, only five employees are listed including O’Carroll, who confirmed with Bloomberg in a LinkedIn message that she has left the company.