Blander was previously head of the high-frequency trading group of Citadel LLC while Rauchman was the chief technology officer of GETCO.

[1][2][3] In August 2017, Radix Trading opened an office in Amsterdam to expand its operations into Europe.

[4] On March 27, 2023, the Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and Changpeng Zhao in the United States District Court for the Northern District of Illinois, claiming willful evasion of US law and allegedly breaching derivatives rules.

In the lawsuit, three unidentified trading firms were cited as "VIP" clients of Binance although they were not accused of wrongdoing.

[6] According to the CFTC, Binance instructed Radix Trading to access its website through a virtual private network.