New Delhi: Crypto asset management platform, Mudrex, has registered a 2,400 per cent increase in its user base for the first quarter of 2022, making it the largest crypto index investing platform.
Indian users contributed the most to this growth with a contribution of more than 80 per cent. Founded in 2018, Mudrex curates investment solutions and automates investing products for the average investor for long-term wealth creation.
Y-combinator backed Mudrex is known for its systematic approach to familiarizing crypto investments, with a decent product portfolio including Mudrex Coin Sets.
Its flagship product, Mudrex Coin Sets, are baskets of cryptocurrencies based on particular themes, enabling users to diversify their portfolios.
“We are thrilled to witness such stellar growth numbers in such a short period of time,” said Mudrex CEO and Co-founder, Edul Patel. “We have been laser-focused on creating products to keep our users engaged and help them invest in crypto.”
India is an important market for the platform and it has been receptive to all the innovations that Mudrex has ushered in. The spike in our India user base is exciting news, he added.
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. It plans to bring more innovative offerings to the crypto world.