A band of traders looking to bring rules to the crypto market continues to pick up steam, and now they're toying with the idea of a 'white list' to separate the wheat from the chaff.
The group, dubbed CORA, has been meeting in recent months to create new standards for the over-the-counter (OTC) trading in cryptocurrency. Jump Trading, Mike Novogratz's Galaxy Digital, and DRW's Cumberland are among some of the participants in the 50-member group. Previously, the group met in Singapore to discuss building out a clearing house for the market. In an interview with The Block, Simon Nursey, co-founder of CORA, discussed the group's recent meeting in Chicago and the idea to create a so-called "white list" for the market.