March 14, 2024
By Anjali Kochhar
Mudrex, a global crypto investment platform backed by Y-Combinator ,has u launched US Bitcoin Spot ETFs, providing Indian investors with access to a new opportunity of crypto investment possibilities.
Investors can now venture into Bitcoin spot ETFs through Mudrex’s platform with an initial investment starting at $5000, reaching up to a maximum of $250,000. Mudrex offers investors the freedom to handpick individual spot ETFs, craft a personalised basket, or select from pre-listed options based on market capitalisation.
In its initial phase Mudrex is introducing four spot ETFs: BlackRock, Fidelity, Franklin Templeton, and Vanguard. Investors have the flexibility to choose between systematic investment plans (SIP) or lump-sum investments, aligning their choices with their financial aspirations. To begin investing in spot Bitcoin ETFs, investors must complete the KYC process on Mudrex’s platform. This development signifies a significant milestone for Mudrex as it continues to pioneer innovative investment solutions in the rapidly evolving digital asset landscape.
Mr. Edul Patel, the CEO & Co-founder of Mudrex shared his thoughts on this groundbreaking move expressing, “In response to the escalating demand for Bitcoin spot ETFs and user feedback on our platform over recent months, we are thrilled to unveil this opportunity for Indian investors. Our aim is to equip investors with the flexibility to diversify their investment portfolios across a spectrum of crypto products, providing a seamless and accessible pathway to navigate the dynamic digital asset landscape.”
Mudrex operates in full compliance with local regulatory bodies in India and the European Union. The platform is a registered entity with the FIU (Financial Intelligence Unit) in India and holds a VASP (Virtual Asset Service Provider) license in the EU. Additionally, Mudrex has obtained the OAM (Organismo Agenti e Mediatori) registration in Italy, further solidifying its commitment to regulatory compliance and investor protection.
Founded in 2018, Mudrex envisions making crypto accessible to all and enabling ordinary investors to partake in the significant wealth creation opportunities within the crypto space. Founded by Edul Patel, Alankar Saxena, Rohit Goyal, and Prince Arora, this Y-Combinator-backed enterprise has built a robust investing platform tailored to cater to both newcomers and seasoned investors alike. With headquarters in the US and operations in Bengaluru.
This move by Mudrex signifies a leap forward in empowering investors with greater access and flexibility in navigating the dynamic world of crypto investments, marking a significant stride towards fostering financial inclusion and wealth creation opportunities for all worldwide.
About the author
Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.
