On 29th September, CMIC declared the inclusion of 8 exclusive members. Currently, the Crypto Market Integrity Coalition (CMIC) has thirty-eight members. All the participants of the organization have taken an oath to sustain market integrity as well as competence.
8 Additional Members Included by CMIC for the Enhancement of Market’s Integrity
CMIC presents the unified expression of the crypto market’s pledge to recurrently enhance the industry’s integrity and cooperation with regulatory agencies. As per CMIC’s statement, it is also initiating integrity training – which will be established for the digital currency industry – to assist compliance officials in countering manipulation.
The unique participants of CMIC include VAF Compliance (a company offering forensic services), Tokenomy (a digital assets venue), Merkle Science (a Web3 risk reduction platform), Oasis Pro Markets, and FinClusive (fintech companies). The other members take into account Crystal Blockchain (a venue for blockchain analytics), Bittrex (a crypto exchange), and BitGo (known as a security company & digital asset trust).
CMIC is the innovation of the market monitoring organization named Solidus Labs. Asaf Meir (the chief executive officer as well as co-founder of Solidus) stated now it has been clarified that the Crypto industry’s potential lies in its competence to tackle impending risks as well as its verified integrity.
The CMIC was inaugurated in February this year with seventeen participants namely, CryptoUK, Huobi Tech, Circle, Coinbase, etc. In April thirteen more members joined it (in the 2nd cohort). Chen Arad (chief operating officer of Solidus Labs) stated in an interview that Crypto Market Integrity Coalition (CMIC) never describes itself to be an inspiring self-regulatory company.
The CMIC Members Commit to Take Regular Training to Confront Market Challenges
Rather, it intends to be an exclusive institution that encompasses renowned organizations as its members such as cryptoUK, the Global Blockchain Business Council, as well as the Chamber of Digital Commerce. The pledge of the Crypto Market Integrity Coalition (CMIC) takes into account several activities. It assists as well as endeavors to be a member of those markets of digital assets which exhibit integrity of the market.
The structure of the digital asset industry may formulate innovative forms of industrial operations as well as the manipulation of the market. All the members of CMIC are committed to regularly educating themselves to understand the novel upcoming challenges as well as to get training related to tackling such issues.
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