Coinmerce Chooses Crypto Risk Metrics for Reliable Crypto ESG Data to Ensure MiCAR Compliance
- Conscious decision to obtain data from a neutral third party in order to prevent possible greenwashing
- Early compliance with Markets in Crypto-Assets Regulation (MiCAR) is of great importance for regulated market participants
- Coverage of an extensive catalog of assets
Frankfurt am Main, October 31st, 2024. With Coinmerce, Crypto Risk Metrics was able to win another important customer for offering ESG data for cryptocurrencies. The Dutch crypto broker serves over 400k users and has the largest coin offering in Europe.
Jaap de Bruijn, CEO of Coinmerce, states: “We have consciously decided to obtain the ESG data for cryptocurrencies with Crypto Risk Metrics from a neutral and highly specialized third party. After a thorough due diligence process, all other providers were not able to meet our requirements regarding conflicts of interests and technical issues in the measurement procedures.”
Tim Zölitz, CEO of Crypto Risk Metrics, adds: “With Coinmerce, we have won the trust of another broker with a large token offering – and our first client in the Netherlands. We are pleased to widen our European ambitions with Coinmerce; more to come, soon.”
Background on ESG Data
As the cryptocurrency market matures, the demand for transparency and accountability has grown significantly. With regulations like the Markets in Crypto-Assets Regulation (MiCAR) coming into effect on December 30th, 2024, it is crucial for crypto-asset service providers to adopt reliable and standardized ESG reporting practices. Our ESG data provides essential insights into the environmental and social impacts of crypto-assets, enabling stakeholders to make informed decisions.
As a leading data provider in this area, Crypto Risk Metrics is the exclusive ESG data provider for the ISO 24165 issuing body of the Digital Token Identifier Foundation. We cooperate with leading data providers for easy integration into systems, ensuring that our clients are well-prepared for upcoming regulatory changes. Looking ahead, we anticipate further developments that will shape the ESG landscape in the cryptocurrency market, and we remain committed to leading the charge in providing high-quality ESG data.
Source: Press release Crypto Risk Metrics
To gain a deeper understanding of the ESG disclosure requirements under the MiCAR regulation, explore our article on ‘ESG Disclosure Requirements for Crypto-Asset Service Providers in Europe – Everything You Need to Know.‘
For further reading on our recent developments and partnerships, check out the following articles:
