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

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.

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