New alliance launches to connect DeFi projects with Chicago crypto trading firms

Quick Take

  • Volt Capital, Jump Capital, CMT Trading and DRW Trading have launched the Chicago DeFi Alliance (CDA), an organization that brings Chicago-based trading firms and DeFi projects together
  • To bootstrap liquidity, many DeFi startups seek to onboard trading firms and professional traders. However, they don’t necessarily understand these trading firms’ needs and concerns in DeFi
  • CDA hopes to bridge this gap and help DeFi startups find resources and build products that can tap into the liquidity tha