Mudrex, an Indian crypto-asset management <a href="https://mudrex.com/">platform</a>, seeks to attain Bitcoin mutual funds and ETFs to make cryptocurrency investment more accessible. It has also <a href="https://twitter.com/officialmudrex/status/1425048621582483458" target="_blank" rel="nofollow noopener">secured </a>$2.5 million (about 18.5 crores) in seed funding headed by Nexus Venture Partners. 

The Venture firm has a plethora of investments in India, including Zomato, Unacademy, OLX, and many others.
<h2>Mudrex Secures Seed Funding Led By Nexus Venture Partners To Acquire Bitcoin Mutual Funds, ETFs</h2>
Mudrex claims to be a cryptocurrency-based asset management firm that provides products comparable to mutual funds and exchange-traded funds or ETFs. 

Instead of typical equities, these funds include a variety of <a href="https://www.cryptoknowmics.com/news/indian-crypto-lobby-to-issue-new-advertising-guidelines-for-exchanges/">crypto-assets</a> including Bitcoin, Ethereum, and even stablecoins.

The objective is to allow investors to pursue long-term wealth development while also providing a more clear way to crypto-curious investors in the midst of turbulence. 

“We [Mudrex] will achieve this by expanding our user community, providing superior tools to advanced portfolio managers, debunking crypto trading myths, and introducing new products such as crypto indices, high yield crypto savings accounts,' building out our mobile apps, and more,” said co-founder and CEO Edul Patel.

According to him, the firm is growing at a pace of 30% per month and has consumers in 90 countries.
<h2>How Does Mudrex Intend To Attain Bitcoin Mutual Funds and ETFs?</h2>
The new funds will be utilized to expand the team and operations, obtain worldwide regulatory compliances, and develop innovative goods.

The company's goal is to bring the elegance of the regular stock market to the crypto segment while also incorporating features that safeguard investors in the long run. 

To stimulate systemic investments, Mudrex is attempting to incorporate more basic investing techniques such as Bitcoin mutual funds, index funds, and ETFs.
<h2>Providing Cryptocurrency Asset Management As A Service</h2>
Due to uncertainty, fear, and ever-increasing instability, investors frequently lose a significant amount of money in the cryptocurrency market. 

Mudrex seeks to compensate for these inadequacies by curating new funds, assigning them a risk vs. reward score, and delivering additional alternatives to end-users based on their risk tolerance, criteria, and ambitions.

A 'bundle' is a product on the marketplace that comprises numerous trading methods that have been designed to operate together. To ensure validity, each algorithm is validated before it is released and subjected to stringent risk-management processes. 

A customer may simply select one of these packages as a fund and invest as little as $100. Fees are computed on the entire amount invested, and investing in numerous bundles can help with diversification.

It now has 25,000 active portfolio managers trading on the platform, with more than $1 billion in trading volume. It has more than $15 million in assets under management (AUM), which is about 110 crore.
<h2>About Mudrex</h2>
Mudrex is a new trading platform that allows users to build their own asset packages. The firm has relationships with the majority of the world's leading cryptocurrency exchanges, including Binance, OKex, and Coinbase.

A cryptocurrency business, Mudrex is attempting to provide asset management as a service. The RBI's <a href="https://www.cryptoknowmics.com/news/rbi-requests-banks-to-stop-negotiating-with-crypto-exchanges/">crackdown</a> on cryptocurrencies, on the other hand, spelled imminent doom for the business.

The team led by Edul Patel, Rohit Goyal, Alankar Sax, and Prince Arora is currently worth $1.5 billion.

Indian Firm Mudrex Secures $2.5M to Attain Bitcoin Mutual Funds and ETFs

Indian firm Mudrex acquires $2.5M from Nexus Ventures Partners to attain Bitcoin Mutual funds and ETFs to increase the accessibility for crypto investments,

Kavya Barua is a voracious learner who is fascinated by crypto and Fintech advancements. Graduated from Janki Devi Memorial College's B.A (Hons) English program at the University of Delhi. She aspires to be a successful professional, having a keen interest in learning and achieving results.

Indian Firm Mudrex Secures $2.5M to Attain Bitcoin Mutual Funds and ETFs

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