The Crypto Market Integrity Coalition, an organization founded two months ago by 17 cryptocurrency exchanges, firms and industry associations worldwide, announced 13 new members have joined.
The group is centered around a pledge endorsed by members’ CEOs or chief compliance officers that (among other things): “We will integrate principles that uphold Market Integrity and Market Efficiency into our operations and business strategy.”
The coalition, or CMIC, was spearheaded by market surveillance firm Solidus Labs.
“To enable the promise of crypto and DeFi, we must as an industry be vocal about our commitment to address and mitigate the risks,” Solidus Labs vice president of regulatory affairs Kathy Kraninger said in an introductory video. Membership is open to all industry participants.