Quant (QNT) Jumps Today: Stephen Cohen Invests in Crypto Quant – Radikal Trading Company

Quant (QNT) Jumps Today: Stephen Cohen Invests in Crypto Quant – Radikal Trading Company
During the month, Quant’s price decreased by 19.4% and is trading at $295.85 today. Quant is up 4.99% in the last 24 hours. According to the Wall Street Journal, billionaire Steven A. Cohen plans to invest in a new cryptocurrency trading company, marking the latest high-profile investment in the digital asset markets by a well-known Wall Street investor. Radkl, a new firm founded by partners of the GTS high-speed trading platform, will be led by them.

Several hedge fund billionaires, like Paul Tudor Jones and Stanley Druckenmiller, have publicly embraced cryptocurrency since last year. This has aided the development of digital currency. Bitcoin’s price has more than doubled in the last year, reaching roughly $45,144 late Monday, despite being down more than 25% from its April high. The rapid growth of cryptocurrencies has attracted the attention of regulators. Securities and Exchange Commission Chairman Gary Gensler warned that crypto markets are rife with fraud and called for new legislation to fix gaps in the supervision of digital assets.

Lora Nilsson

Finance and Business reporterAfter graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter