Jane Street, Tower and Radix Are Unnamed ‘VIPs’ in Binance Case

Jane Street Group, Tower Research Capital and Radix Trading are the three unidentified trading firms cited as “VIP” clients of Binance Holdings Ltd. in a top US regulator’s lawsuit against the cryptocurrency exchange, according to people with direct knowledge of the matter.

The Commodity Futures Trading Commission last week accused Binance of “sham” compliance with US derivatives regulations, including failing to keep Americans off its exchange as promised and not registering with the regulator.

The three US quant firms were cited anonymously by the CFTC in its March 27 lawsuit as examples of how US clients accessed the platform. ...