Chicago-Based Trading Company Admits to Trading on Coin Security

According to reports, Chicago based trading company Radix Trading said it was the unidentified “trading company A” mentioned in the U.S. Commodity Futures Trading Commission (CFTC) lawsuit against Coin An on Monday. In the lawsuit, CFTC mentioned at least three quantitative trading companies headquartered in the United States. Although U.S. customers should have been banned from trading on Coin On, the three exchanges are still active in Coin On. Benjamin Blander, co founder of Radix, said that Radix had been trading on Coin Security through its offshore subsidiary and a major broker for several years, and that everything about the company’s encrypted connections had been subject to legal review. Blander also stated that Radix was cooperating with the CFTC before the prosecution, and he did not believe that Radix was the target of any investigation.

Radix Trading is one of the three quantization companies mentioned in the CFTC lawsuit against Coin Security

**Introduction**
The Commodity Futures Trading Commission (CFTC) recently filed a lawsuit against Coin An, a cryptocurrency exchange, which mentioned at least three quantitative trading firms headquartered in the US. One of these firms was identified as Radix Trading, a Chicago-based trading company. While US customers were not permitted to trade on Coin An, these exchanges were still operational. In this article, we examine the details associated with Radix’s involvement with Coin An and the ongoing legal case.
**Radix’s Connection with Coin An**
Radix Trading’s co-founder, Benjamin Blander, confirmed that Radix was the “trading company A” mentioned in the CFTC lawsuit against Coin An. Blander noted that Radix had been trading on Coin Security through its offshore subsidiary for several years with a major broker. According to Blander, Radix’s encrypted connections had undergone legal review, and all aspects of the company’s operations were transparent.
**The Legal Review Process**
Radix’s encrypted connections underwent a rigorous legal review process that ensured that the company followed all the necessary guidelines and regulations. Blander noted that Radix was complying with all regulatory provisions related to cryptocurrency trading at the time of its trade with Coin An. Additionally, Blander asserted that Radix was working with the CFTC before the prosecution, and he did not believe that Radix was the target of any investigation.
**Coin An and the Three Quantitative Trading Companies**
The CFTC lawsuit against Coin An cited at least three quantitative trading companies in the United States, including Radix Trading. These firms were operating on Coin An even though US customers were not allowed to trade on the platform. The CFTC has accused Coin An of violating regulations, misusing customer funds, and not taking the necessary steps to prevent money laundering. The lawsuit also alleges that Coin An misrepresented its trading volume and profitability, causing customers to suffer significant losses.
**Conclusion**
Radix Trading, a Chicago-based trading company, has confirmed that it was the “trading company A” mentioned in the CFTC lawsuit against Coin An. The company’s co-founder, Benjamin Blander, has clarified that Radix was trading on Coin Security through its offshore subsidiary and a major broker for several years, and was cooperating with the CFTC prior to the lawsuit. While US citizens were not permitted to trade on Coin An, the three quantitative trading companies were able to operate on the platform, leading to the ongoing legal case.
**FAQs**
1. What is the CFTC?
The Commodity Futures Trading Commission (CFTC) is an independent US agency that regulates futures and options markets in the United States.
2. What did the CFTC accuse Coin An of?
The CFTC accused Coin An of violating regulations, misusing customer funds, and failing to take necessary measures to prevent money laundering. The lawsuit also alleges that Coin An misrepresented its trading volume and profitability, leading to significant customer losses.
3. How long was Radix Trading trading on Coin An?
Radix Trading was trading on Coin Security through its offshore subsidiary and a major broker for several years.