Crypto Market Integrity Coalition inducts 8 new members, plans training
The Crypto Market Integrity Coalition (CMIC) announced the induction of eight new members, the organization announced on Sept. 29. The organization now has 38 members.
CMIC members take a pledge to uphold market integrity and efficiency that the organization says:
According to its statement, the CMIC is also developing market integrity training for digital asset markets to help compliance professionals counter manipulation.
The new CMIC members are digital asset trust and security company BitGo, crypto exchange Bittrex, blockchain analytics platform Crystal Blockchain, fintechs FinClusive and Oasis Pro Markets, Web3 risk mitigation platform Merkle Science, digital assets platform Tokenomy and forensic services provider VAF Compliance.
.@FinClusiveCap is proud to join the Crypto Market Integrity Coalition (CMIC). Looking forward to working together to elevate standards and enable safe and regulated crypto growth. Go to https://t.co/2suE9kovi1 to join the effort #CryptoMarketIntegrity
The CMIC is the brainchild of market surveillance firm Solidus Labs. Solidus cofounder and CEO Asaf Meir said, “Now more than ever before, it is clear that crypto’s potential depends on the ability to mitigate its new risks and provide demonstrable market integrity.”
Related: BitGo sues Galaxy Digital for acquisition breach, seeks $100M in damages
It was founded in February with 17 members that included such names as Coinbase, Circle, Huobi Tech and CryptoUK. A second cohort of 13 members joined the CMIC in April.
The CMIC is one of a number of self-regulatory organizations (SROs) that have arisen without authoritydelegated by regulators. CMIC member CryptoUK was the first such SRO, founded in 2018, with similar organizations arising in Japan and
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