Steve Cohen exits investment in crypto prop trading firm Radkl: Bloomberg

Quick Take

  • Point72’s Steve Cohen has exited his investment in crypto trading firm Radkl, according to Bloomberg.  
  • Cohen exited his position less than a year after investing in the firm.

Point72's Steve Cohen has exited his investment in crypto trading firm Radkl, according to a report by Bloomberg.  

A spokesperson from Radkl told Bloomberg that — despite the news — the firm is “extremely well capitalized with its current investors and continues to grow rapidly.” 

Radkl is led by Ryan Sheftel and was born out of New York Stock Exchange market maker GTS. The firm previously said that it planned to be an electronic market maker across crypto exchanges, while also trading on a bilateral basis with other market participants. 

High-speed trading guru Jim Greco previously worked at the firm, before leaving in January of this year to set up F9 Research. Greco formed digital asset-focused quant investment fund with other former Radkl employees Allan Erskine and Jason Bell.  

Despite the Radkl website listing Beatrice O’Carroll as managing director, her LinkedIn suggests she left the firm in June. She did not immediately respond to request for comment.  

Tuesday’s announcement comes less than a year after it was reported that Cohen invested in the firm. This wasn't Cohen's only crypto investment at the time, as he invested in NFT project Recur in September 2021. 

Radkl and Point72 did not responded to requests for comment from The Block by the time of publication.

Corrects headline to show Cohen has exited the investment. 

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