Steven Cohen to Invest in New Crypto Quant Trading Firm

Billionaire Steven A. Cohen is set to invest in a new cryptocurrency trading firm, the latest bet on the digital-asset markets by a prominent Wall Street investor.

The hedge-fund manager and owner of the New York Mets agreed to make an initial investment in Radkl, a quantitative-trading firm specializing in digital assets, according to the firm’s executives and a spokeswoman for Mr. Cohen.

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