Global platform for crypto asset management Mudrex today announced a 2400% increase in platform user base for the first quarter, making it the world’s largest crypto index investing platform. Mudrex now boasts more than 250,000 users worldwide. The company also announced three senior executive hires that will play a key role in its continued growth. These include Arnab Kumar, Amit Rangari, and Nivedita Kanan, Head of People.
Mudrex, a global cryptocurrency platform founded in 2018, makes sophisticated and automated investing products easy to access. The platform’s flagship product, Mudrex Coin Sets, are baskets of cryptocurrencies based on particular themes, enabling users to diversify their portfolios.
“We are proud to bring sophisticated passive-investment tools that have long been enjoyed in traditional markets to crypto investors for the first time, and the incredible spike in our user base is a testament that we are meeting user requirements,” Edul Patel, Mudrex CEO, and co-founder. “Looking ahead, product development and education remain core to Mudrex’s offerings and we expect to hit one million investors on our platform by early Q4.”
Now counting 65 full-time staff – a four-fold increase since September of 2021 – Mudrex has grown quickly following the launch of its platform in 2018. Kumar was the India Director for Fintech Strategy and Investments at Prosus Group, Rangari was General Counsel for Guild Group, and Kannan was Senior Manager for Talent and Culture at Hubilo.
In March, Mudrex introduced the crypto industry’s first Recurring Investments tool to automate and simplify investments in Mudrex Coin Sets bringing recurring investment capabilities, which have long been popular in the traditional markets, to crypto investors.