Cohen's Point72 exploring crypto sector, has no firm plans - letter

FILE PHOTO: Steven Cohen, Chairman and CEO of Point72 Asset Management and majority owner of the New York Mets, attends a news conference at Citi Field in the Queens borough of New York City, New York, U.S., February 10, 2021. REUTERS/Brendan McDermid

BOSTON (Reuters) - Billionaire investor Steven A. Cohen's Point72 Asset Management is exploring the $2 trillion cryptocurrency market but has not made any plans on how to trade it, according to a letter sent to clients on Thursday.

"We would be remiss to ignore a now $2 trillion cryptocurrency market," the note said, explaining that Cohen and his team constantly evaluates new market opportunities.