Jane Street and Tower Revealed as VIP Clients of Binance: Report
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American quant trading firms Jane Street, Tower Research Capital and Radix Capital are the three unnamed US-based VIP clients of Binance mentioned in a US watchdog's lawsuit against the exchange, Bloomberg has learned, citing people with direct knowledge of the matter.

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The report states the three companies used offshore entities to trade on Binance. The Commodity Futures Trading Commission (CFTC) hasn't accused the firms of any wrongdoing. Jane Street and Tower made no public comments regarding the matter so far.

Radix Co-Founder, Benjamin Blander, previously confirmed in a commentary for the Wall Street Journal that his company traded on Binance via offshore affiliates and a prime brokerage firm.

As iHodl earlier reported, the CFTC filed a lawsuit against Binance and its boss Changpeng Zhao, saying the trading platform offered unregistered products to US customers without proper registration.

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The financial regulator wrote in a complaint against Binance that the exchange "no later than July 2019" offered under CZ's direction a facility for the trading of futures, options, swaps involving crypto "that are commodities" including bitcoin (BTC), ether (ETH), and litecoin (LTC) for clients in the US.

Although Binance publicly denied offering services in the US, the exchange has taken a "calculated" approach to increase its presence in the country, the CFTC added.

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