The world’s leading digital currency exchange by trading volume Binance’s United States arm Binance US has announced to join the Chicago-based non-profit organization Chicago DeFi Alliance which is commonly known as CDA. This DeFi group is focused on bringing maturity to the decentralized finance (DeFi) sector by providing its mentorship and support. CDA is poised to provide its support to the DeFi space in various areas such as markets, trading, and regulation. The new members of the organization including the Binance US exchange are supposed to help CDA in this mission.
Binance US is now a member of the CDA
According to a blog post shared on September 17, the cryptocurrency exchange Binance US announced its entrance into the Chicago DeFi Alliance saying that it will collaborate with the alliance for making the decentralized finance sector mature while making its contribution in the growth and development of the industry in the United States.
As the Chief Executive Officer (CEO) of Binance US Catherine Coley said in the announcement:
“What drew innovators to the space over the past decade, and what draws newcomers now is the open access and global potential offered by decentralized financial systems. By working with DeFi Alliance, Binance.US will help mature the DeFi space, build for broader inclusion, and support startups as they unlock the potential DeFi offers, the potential that so many of our users are passionate about.”
As a regulated and completely compliant exchange, Binance US has been supporting the decentralized finance market since DeFi is growing in the cryptocurrency circle. So far now, there are ten digital assets from the DeFi industry that are supported on this major US exchange including Chainlink’s LINK cryptocurrency, the DAI stablecoin, and MakerDAO’s MKR.
On the other hand, the Chicago-based DeFi group CDA is entirely focused on maturing the decentralized finance space with its support and guidance. It is backed and supported by various top firms such as Jump Capital, Compound Finance, DRW/Cumberland CMT Digital, Volt Capital, and some others.
Last month in August, Binance US joined the Washington DC-based Blockchain Association and now it has become a part of the CDA organization.
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