The Crypto Market Integrity Coalition, which was created two months ago by 17 crypto exchange platforms, corporations, and industry associations from all over the world, reportedly has made an announcement to add 13 more company members.

The group’s mission is to “integrate values that protect Market Integrity and Market Efficiency into our operations and business strategy,” according to a pledge signed by members’ CEOs or chief compliance officers.

Solidus Labs, a market surveillance firm, initiated the alliance, or CMIC.

In an opening video, Solidus Labs, Vice President of regulatory relations Kathy Kraninger said, “To enable the promise of crypto and DeFi, we must as an industry be vocal about our commitment to address and mitigate the risks,” It is also confirmed that all industry participants are welcome to join.

Coinbase, BitMEX, Huobi Tech, Anchorage Digital, the Chamber of Digital Commerce, and CryptoUK are among the founding members. The coalition intends to improve educational programs and encourage a dialogue with authorities in addition to uniting the diverse crypto groups behind its business principles. It will also “consider data-sharing and shared-surveillance frameworks” among its members.

Gemini, Robinhood Markets, Chainalysis, Elliptic, Kaiko, and TRM Labs are among the newcomers to the coalition. Nexo’s participation with CMIC “stands […] alongside our longstanding track record for proactive interactions with regulators globally, strong platform security protocols, and significant commitment to KYC and AML standards,” according to a statement from the new inductee.

A number of crypto-industry advocacy groups exist. GoodFi, a decentralized finance education, research, and best practices platform established by Radix in 2021, focuses on decentralized finance education, research, and best practices. It now has 55 member groups, and by 2025, it intends to have 100 million individuals contribute at least a $1 to DeFi. Square formed the Crypto Open Patent Alliance in 2020. (now known as Block). It has 33 members and shares a patent library to assist the crypto community in ‘defending against patent aggressors and trolls.’