Hedge Fund Third Point Management joins the Cryptocurrency Industry

Published on: 11.04.2021

Third Point Management, a multi-billion dollar hedge fund is embarking into the cryptocurrency bandwagon.

The New York-based and SEC-registered investment firm with an assets under management worth $17 Billion holds a significant amount of crypto on Coinbase.

This news comes after its founder Daniel S. Loeb did a “deep dive into crypto” last March.

The billionaire owner has a net worth of  $3.5 Billion and isthe latest billionaire to jump in the trillion dollar crypto industry.

He joins the ranks of current billionaires that recently joined the crypto industry such as Mark Cuban, Paul Tudor Jones, Stanley Druckenmiller, Kjell Inge Rokke, and Ricardo Salinas Pliego.


Market Stats:
BTC Dominance: 37.88%(-0.21%/24h)
ETH Dominance: 17.67%(+0.10%/24h)
Defi Market Cap: $36B(-3.19%/24h)
Total Market Cap: $836.96B(+0.39%/24h)
Total Trading Volume 24h: $35.07B(-5.60%/24h)
ETH Market Cap: $145.82B
Defi to ETH Ratio: 24.69%
Defi Dominance: 4.12%
Altcoin Market Cap: $519.91B
Altcoin Volume 24h: $17.29B
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Active Cryptocurrencies: 9161
Active Market Pairs: 59257
Active Exchanges: 529
Total Exchanges: 4317