Mudrex Becomes World's Largest Crypto Index Investing Platform with 2.5 Lakh Investors

Edul Patel, Co-Founder & CEO, Mudrex

The highest spike was seen from Indian investors/users due to growing awareness around Mutual Funds and relative products in the crypto space 

Global crypto asset management platform, Mudrex, today announced a 2400% increase in the platform’s user base for the first quarter of 2022, making it the world’s fastest-growing, and largest crypto index investing platform. Indian users contributed the most to this exponential growth with more than 80% of the growth from India. Mudrex is a global brand that is known for its systematic approach to familiarizing crypto investments, making it an unignorable option to invest among other asset classes. Right from products like Mudrex Coin Sets to initiating crypto as a service, Mudrex is committed to consistently contributing to the growth of the ecosystem and the platform itself.

Founded in 2018, Mudrex is a global cryptocurrency platform that curates profitable solutions and automates investing products for the average investor for long-term returns. The platform’s flagship product, Mudrex Coin Sets, are baskets of cryptocurrencies based on particular themes, enabling users to diversify their portfolios.

“We at Mudrex are thrilled to witness such stellar growth numbers in such a short period of time. From the very beginning, we have been laser-focused on creating products to keep our users engaged and help them invest in crypto. With the help of our crypto experts, we spent most of last year developing and designing products that would not only bring attention to crypto but push users to consider crypto as a long-term asset class. India is an important market for us and it has been receptive to all the innovations that Mudrex has ushered in. Hence, the spike in our India user base is exciting news for us. Looking ahead, product development and education will remain at the core of Mudrex’s offerings and we expect to hit one million investors on our platform by early Q4.”, said Mudrex CEO and Co-founder, Edul Patel.

In March 2022, Mudrex introduced the crypto industry’s first SIP tool to automate and simplify investments in Mudrex Coin Sets bringing recurring investment capabilities, which have long been popular in the traditional markets to crypto investors. Mudrex plans to bring more innovative offerings to the crypto world in the near future.

About Mudrex: 

Launched in 2018, Mudrex is a global platform that makes self-directed investing in crypto easy and accessible for all. Founded by Edul Patel (CEO), Alankar Saxena (CTO), Rohit Goyal (VP, DeFi), Prince Arora (VP, Engineering), the Y-Combinator backed enterprise has established a robust investing platform for all kinds of investors. The US-headquartered and Bengaluru-based fintech startup aims to be the largest asset management platform for crypto. For more information, visit Mudrex.com or download the app

Global Crypto Asset Management Platform Mudrex Launches API-based Enterprise Tech, ‘Crypto-as-a-Service’

This B2B offering will essentially allow enterprises to offer users a simple and secure crypto gateway

Mudrex, the San Francisco-based global crypto asset management platform, today launched an API-based Crypto-as-a-Service solution. This offering enables both traditional and crypto-specific brokers, portfolio management services, fintechs, etc to provide reliable and secure crypto investment products to their user base. With the launch of this product, Mudrex further solidifies its overarching vision to simplify crypto and present it as a reliable investment option to users across the globe.

‘Crypto-as-a-Service’ is a product that offers KYC, regulatory and compliance monitoring to brokerages. Custody, and processing of the cryptocurrency will be administered by Mudrex. The technological framework is entirely constructed and supported by the global platform. Mudrex is dedicated to bringing newer offerings in the crypto investment space that will allow users to access products in a systematic manner.

Additionally, it enables users to transact in cryptocurrencies using their preferred fiat currency, seamlessly allowing users to withdraw funds from a bank account to purchase cryptocurrency and convert them back into fiat currency in bank deposits. Through Custody and Wallet Services, the APIs will enable businesses to build a user-friendly custodial wallet platform.

Using this service, clients will be able to build a single central wallet for their company or an endless number of wallets for each of their users. At launch, Mudrex will support 70 different countries. This unique offering from Mudrex will provide a seamless experience for newer businesses venturing into the cryptocurrency sphere.

Commenting on the launch, Edul Patel, CEO & Co-founder of Mudrex, said, “Since inception, we at Mudrex have been at the forefront of providing a simple & secure infrastructure to users with value-added offerings for long term wealth creation. Mudrex’s latest addition is meant for B2B enterprises and is built in tandem with our larger mission. We observed that entering a growing market and providing cryptocurrency related products, considering all the legal, security, and compliance work, was a daunting task. ‘Crypto as a service’ is set to ease these complexities for entities who have an appetite for expansion. Businesses stand to benefit from the APIs as it offers a quicker, easier, and cost-effective transaction process and truly democratises access to crypto.

“Imagine credit card companies offering crypto rewards, investment platforms offering crypto investments, SIP style crypto savings products and much more. We are already working with multiple crypto and traditional finance fintech firms on different pilot offerings and on track to launch our first integration with a large investment management service by Feb 2022."

More details about the offering can be found on the Mudrex website

At present, Mudrex supports over 1500 crypto tokens alongside their ‘Mutual Fund’ style crypto offering, Coin Sets. The platform currently hosts over 50K active users worldwide, and has processed over $3 Bn of trading volume. The AUM stands at $15 million with a growth rate of 25% m-o-m over the last 10 months. Earlier this year, Mudrex raised a pre-seed round of $2.5 million led by Nexus Venture Partners, with participation from Village Global, Kunal Shah, Anand Chandrashekharan, and Anjali Bansal. Prior to that, the company raised $750,000 from Y Combinator, Better Capital, Woodstock Fund, and angels like Nitin Sharma and Anupam Mittal.

About Mudrex:

Launched in 2018, Mudrex has the vision of making crypto investing simple and long-term so that retail investors can benefit from the massive wave of wealth creation. Founded by Edul Patel (CEO), Alankar Saxena (CTO), Rohit Goyal (VP, Defi), Prince Arora (VP, Engineering), the Y-Combinator backed enterprise has established a robust investing platform that can be used by both newcomers and seasoned traders. The US-headquartered fintech startup aims to be the largest asset management platform for crypto investments.