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Is Point72 set to enter the crypto market?

Point72, the hedge fund founded by billionaire Steve Cohen, is set to make a sizable entrance into the crypto market, according to several people familiar with the firm's business.

What is Point72?

Point72 is a hedge fund that backed Melvin Capital alongside Citadel. The data you're giving them can and will be used to monitor effectiveness of FUD. Do not sign up for this.

Is cryptopoint72 a scam?

Cryptopoint72.vc is strictly a Crypto scam that pretend to operate like a legit trading platform. They encourage Bitcoin deposits by promising a 3.5% earning from every Bitcoin credit card purchase. The trading platform is very basic as it operates like a typical binary options website and only offers common Crypto pairs for trading.

Is Point72 a hedge fund?

Point72 may make the wagers under its Point72 Private Investments unit or its hedge fund, and will examine “liquidity, risk, and return profiles,” according to the letter. “It’s too early to say what paths we will ultimately pursue and when,” the letter said.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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