WITH A YOUNG population driven by technology, a growing number of internet users and fintech advancements, cryptocurrency finds wider adoption in India. Mudrex is a US-headquartered and Bengaluru-based crypto investment platform launched early in 2018.
It claims to be the world’s largest crypto index investing platform having recorded a massive 2400 per cent surge in its user base in April 2022.
During last year’s bloodbath in the global crypto industry, Indian investors shied away from panic selling. According to Statista data, the number of users in the cryptocurrency market is expected to shoot up to 328.70 million by 2027. The current trend in India is invest for longterm returns. “I envisage a future where cryptocurrencies and blockchain technology empower individuals worldwide, sparking a revolution in the way we transact and invest,” says Edul Patel, Co-founder and CEO, Mudrex.
Initially, the company’s focus was on managing its own investments in the crypto market and building wealth for itself. However, recognising the potential of blockchain and cryptocurrency Mudrex shifted its focus towards aiding retail investors who represents a significant portion of the investment community.
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This story is from the 29 July 2023 edition of Businessworld India.
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This story is from the 29 July 2023 edition of Businessworld India.
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