Bengaluru, March 11th, 2024: Mudrex, a Y-Combinator backed global crypto investment platform today announced its launch of the US Bitcoin Spot ETFs for Indian investors.
Investors can start investing in Bitcoin spot ETFs on Mudrex's platform with a minimum investment of $5000 and a maximum of $250,000. Mudrex empowers investors to choose individual spot ETFs, create a personalized basket, or opt for pre-listed options depending on market capitalization.
In the first phase, the platform is set to list four spot ETFs – BlackRock, Fidelity, Franklin Templeton and Vanguard. Investors can choose between systematic investment plans (SIP) or lump-sum investments, aligning with their financial goals. Investors can invest in spot Bitcoin ETFs through Mudrex's platform by completing their KYC process. This is a significant milestone for Mudrex to deliver innovative investment solutions within the rapidly evolving digital asset landscape.
Commenting on this, Mr Edul Patel, CEO & Co-founder of Mudrex, said, "Seeing the increasing demand for Bitcoin spot ETFs and user requests on our platform in the past few months, we have decided to launch it for Indian investors. We aim to empower investors with the flexibility to invest across a diverse range of crypto products, offering a seamless and accessible avenue to navigate the dynamic digital asset landscape".
Mudrex operates in complete compliance with local regulatory bodies in India and the European Union. The platform is a registered entity with FIU (Financial Intelligence Unit) in India and holds a VASP (Virtual Asset Service Provider) license in the EU. Mudrex also obtained the OAM (Organismo Agenti e Mediatori) registration in Italy.
Launched in 2018, Mudrex has the vision of making crypto accessible to the masses so that ordinary investors can benefit from the massive wave of wealth creation. Founded by Edul Patel, Alankar Saxena, Rohit Goyal, Prince Arora the Y-Combinator backed enterprise has established a robust investing platform that can be used by both newcomers and seasoned investors. The US-headquartered and Bengaluru-based fintech startup aims to be the largest asset management platform for crypto.
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