Crypto firms launch coalition to promote market integrity


FILE PHOTO: People pass their time at a cafe which has dozens of screens showing the latest trends and prices on various cryptocurrencies for their crypto investors' customers in Nakhon Ratchasima, Thailand January 21, 2022. Picture taken January 21, 2022. REUTERS/Soe Zeya Tun/File Photo

(Reuters) -A group of major cryptocurrency firms including Coinbase, Circle, Anchorage Digital and Huobi Global are forming a new coalition aimed at cracking down on market manipulation in an effort to instill trust in the burgeoning digital asset industry.

The Crypto Market Integrity Coalition, which was convened by risk-monitoring software company Solidus Labs, is also urging digital currency companies to sign a “market integrity” pledge that acknowledges the potential for fraud in the cryptocurrency space and the need for the industry to protect investors.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Microsoft to invest $700 million to boost Poland's cybersecurity
Online shopping giants bet on AI to curb clothes returns
Chatbot vs national security? Why DeepSeek is raising concerns
South Korea suspends local use of Chinese AI app DeepSeek
Apple aims to boost Vision Pro with AI Features, spatial content app
Tunisian startup takes on ewaste challenge
Royal Society to meet after concerns raised over fellow Elon Musk
Lost dog? A pet detective and his thermal drone are on the case
New downloads of DeepSeek suspended in South Korea, data protection agency says
Is the aurora borealis really that mind-blowing? Or is it just your cellphone photos?

Others Also Read