Billionaire Steve Cohen, founder of Point72 Asset Management, is entering the cryptocurrency industry.
According to the information provided by Blockworks, the billionaire investor has created a special event for cryptocurrencies. set up asset manager getting ready.
The plan is still in development and the new formation to be established buy-sell cryptocurrencies in spot markets it is said.
According to the information transferred, the asset management institution led by Cohen also It will also use derivative instruments in the cryptocurrency market and will also invest in some hedge funds in the cryptocurrency sector.
The billionaire investor first entered the cryptocurrency market in 2018. Cohen’s company, Cohen Private Ventures, invested in Autonomous Partners, a hedge fund in the cryptocurrency sector, on this date.