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Bittrex, BitGo, 6 Other Firms Join Crypto Market Integrity Coalition

The CMIC's aim is to combat market manipulation in order to nurture greater regulatory confidence in the digital asset industry.

By Jamie Crawley
AccessTimeIconSep 29, 2022 at 2:48 p.m. UTC
Updated May 11, 2023 at 4:25 p.m. UTC
BitGo CEO Mike Belshe (CoinDesk)
BitGo CEO Mike Belshe (CoinDesk)

Crypto exchange Bittrex, custodian BitGo and six other firms have joined the Crypto Market Integrity Coalition (CMIC), a self-regulatory organization aiming to combat crypto market manipulation.

Along with Bittrex and BitGo, Oasis Pro Markets, Crystal Blockchain, FinClusive, Merkle Science, Tokenomy and VAF compliance have also joined the CMIC, according to an announcement Thursday.

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    • The CMIC was formed in February with 17 founding members, including Coinbase, Solidus Labs, Huobi Tech and Circle. Its aim is to combat market manipulation in order to nurture greater regulatory confidence in the digital asset industry.

    The CMIC's membership now stands at 38, following the eight new signatories.

    Crypto analytics firms Chainalysis, TRM and Elliptic joined the CMIC in April, as did exchanges Gemini, Robinhood Markets, Nexo and Bitpanda.

    Read more: Crypto Needs ‘Global Regulatory Framework,' IMF Says





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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter