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Binance’s US arm joins Chicago DeFi alliance

Binance’s interest in DeFi expands globally. The United States arm of Binance, the world’s largest cryptocurrency exchange,  has entered a major organization focused on decentralized finance, or DeFi. According to a Sept. 17 blog post, Binance.US has officially joined the Chicago DeFi Alliance. Also known as the CDA, the association is backed by crypto fund Volt Capital, brokerage firm TD Ameritrade, CMT Digital, Cumberland DRW, Compound Finance and others. By joining the alliance, Binance.US aims to contribute to the further development of the DeFi industry in the U.S., the firm’s CEO Catherine Coley said. “By working with DeFi Alliance, Binance.US…

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Trading Activity In BTC Futures On CME Drops To 3-Month Low

The trading activity in BTC futures listed on the Chicago Mercantile Exchange (CME) dropped to a 3-month low as we are reading more in the upcoming BTC news. The daily trading activity in BTC dropped to $87 million and hit the lowest level since April 17 when the exchange-traded contracts were worth $77 million according to the data from derivatives research platform Skew. The volume topped out at $914 million on May 11 as Bitcoin underwent its third miner reward halving and was in a declining trend ever since. The halving was expected to put a strong bid under the…

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