A Steve Cohen-backed exchange that was established to provide round-the-clock stock trading is closing down its spot #cryptocurrency offering due to a lack of interest.

24 Exchange, which was established in 2018, raised $14 million in 2021. The #financing was led by Point72 Ventures, owned by Steve Cohen, the owner of the New York Mets, for the Bermuda-based business that sought approval from the US Securities and Exchange Commission to trade stocks around-the-clock.

At the conclusion of the summer, the company intends to resubmit to the #SEC.