Crypto Market Integrity Coalition Welcomes Eight New Members to Strengthen Industry Standards

New Faces in the Fold

The Crypto Market Integrity Coalition (CMIC) just got a whole lot bigger! Announced on September 29, the coalition welcomed eight new members, boosting its membership to a robust 38. That’s more than enough to form a decent softball team, should anyone be up for it!

What CMIC Stands For

So, what’s all this fuss about? CMIC proclaims itself as a beacon for the crypto industry, committed to upping the ante on market integrity and forming a collaborative front with regulators. Think of them as the crypto equivalent of a kid trying to keep everyone from cheating at Monopoly.

Meet the New Members

Say hello to the new kids on the block! The latest members include:

• BitGo – the digital asset trust and security company that’s probably making your coins feel safer.
• Bittrex – a crypto exchange that’s definitely not run by a guy in a basement.
• Crystal Blockchain – because even blockchains need a bit of clarity.
• FinClusive – here to make finance more inclusive and a little less finicky.
• Oasis Pro Markets – serving up a serene space for digital asset trading.
• Merkle Science – keeping blockchain risk where it belongs: at the bottom of the pool.
• Tokenomy – ensuring your tokens are as easy to trade as your grandma’s cookie recipe.
• VAF Compliance – because compliance is all in the details, folks!

What Lies Ahead for CMIC

According to their mission, CMIC is gearing up to develop training tailored for market integrity in the digital asset sector. The aim? To equip compliance professionals with the tools to combat manipulative practices. Yes, they’re serving up all the knowledge to make sure everyone plays by the rules!

The Birth of a Movement

Founded in February with only 17 members, CMIC was inspired by the market surveillance firm Solidus Labs. Co-founder and CEO Asaf Meir emphasized the urgency of the mission, stating, “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.” Talk about a high-stakes game!

The Pledge

The CMIC pledge lays it all out: it’s all about integrity and education in the world of digital assets. Members vow to engage in markets that flaunt integrity like a peacock. They recognize that the digital asset landscape can be as tricky as a game of chess against a grandmaster, vowing to keep learning and adapting to the unique challenges that come with it.