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Billionaire Cohen invests in cryptocurrency trading firm

New firm, called Radkl, to be led by partners of high-speed trading firm GTS

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 specialising in digital assets, according to the firm’s executives and a spokeswoman for Cohen.

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