Galaxy Digital, Cumberland and More Plan New Crypto Code of Conduct

A group of 10 companies focused on cryptocurrencies and financial services have formed a new group aimed at standardizing a code of conduct for the still-nascent digital asset space.

Announced Tuesday, the Association for Digital Market Assets, or ADAM, is backed by founding members Galaxy Digital, Genesis Global Trading, GSR, Hudson River Trading, Paxos, Symbiont, BitOoda Technologies, BTIG, Cumberland and XBTO.

Together, the companies are pitching conduct voluntary rules to cover the areas of efficient trading, custody, clearing and digital asset settlement, with future guidelines planned to “encourage professionalism and ethical conduct.”

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