By Anjali Kochhar
In a groundbreaking move, Mudrex, a leading global crypto investment platform, has officially launched Mudrex Prime, a dedicated Over-the-Counter (OTC) services division tailored to meet the unique needs of institutional players and high-net-worth individuals (HNIs). Following a successful pilot phase in the last quarter of 2023, Mudrex Prime has emerged as a key player, boasting a transaction volume exceeding $100 million and serving over 200 institutions across India and the European Union.
Commenting on the launch, Mr. Edul Patel, CEO, and Co-founder of Mudrex, expressed his enthusiasm, stating, “We are incredibly excited to introduce Mudrex’s OTC services, a significant step towards fulfilling the evolving needs of institutional and family businesses in the crypto space. We aim to empower our users, whether they are seasoned institutions or individuals, with the flexibility to trade across a diverse range of crypto assets. The launch of OTC services is a testament to our commitment to serve all types of clients.”
Mudrex Prime sets itself apart by offering an extensive range of assets, including USDT, USDC, BTC, ETH, and more, aiming to redefine crypto trading by ensuring instant liquidity and swift fulfillment of substantial orders at competitive OTC rates. Notably, the platform supports major currencies such as INR, GBP, EUR, AED, SGD, CHF, allowing users to trade premier assets with zero transaction fees and minimal spreads.
Crucially, Mudrex Prime operates within strict regulatory compliance, holding registrations with the Financial Intelligence Unit (FIU) in India and possessing a Virtual Asset Service Provider license in the European Union. Emphasizing its commitment to legitimacy and security, the platform conducts robust Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Headquartered in Bengaluru and San Francisco, Mudrex, backed by industry giants like Y-Combinator, Nexus Ventures, Arkham Ventures, and Tribe Capital, places strong emphasis on personalized relationship management through Mudrex Prime. The platform offers tailored OTC solutions, coupled with dedicated tax filing assistance for a seamless trading experience. Users can also rely on multi-time zone dedicated support for assistance around the clock.
Launched in 2018, Mudrex aims to make crypto investing less risky and more accessible for ordinary investors. Founded by Edul Patel, Alankar Saxena, Rohit Goyal, and Prince Arora, the Y-Combinator-backed enterprise has established a robust investing platform catering to both newcomers and seasoned investors. The US-headquartered and Bengaluru-based fintech startup aspires to become the largest asset management platform for crypto.
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.
