Ten Financial Firms Form Alliance to Create Code of Conduct for Crypto Space

Ten major crypto-related and financial services firms are coming together to establish a Code of Conduct for the nascent digital asset and blockchain industry.

In a press release on Tuesday, the Association for Digital Market Assets (ADAM) announced its founding. ADAM is backed by Mike Novogratz’s crypto merchant bank Galaxy Digital, global financial services firm BTIG, fintech firm Paxos and crypto liquidity solutions provider GSR. The founding members also include Genesis Global Trading, Hudson River Trading, Symbiont, BitOoda Technologies, Cumberland and XBTO.

ADAM will work with current and former regulators to create “comprehensive standards” for crypto market participants. Designed to complement existing laws and r…

This article appeared first on Cryptovest

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