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Steve Cohen's Point72 Invests $14 Million in 24/7 Trading Startup

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New York Mets owner Steve Cohen's Point72 Ventures has invested in 24 Exchange, a trading and crypto start-up.

Related: Steve Cohen's Point72 Backs 7-Day, 24-Hour Stock-Trading Exchange

24 Exchange founder Dmitri Galinov said that the money would be used “to expand their offerings.”

Launched in 2020, the Bermuda-based crypto and foreign exchange trading platform has plans to offer trading 24/7.

"24 Exchange strives to change the dynamic for market participants so they can increase profitability through highly competitive fees and gain access to a multi-asset offering in a single venue," their website reads. "Our mission is to put our participants first, helping them increase profitability through highly competitive fees, while keeping the bar high for service, R&D and by keeping connectivity simple."

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