Mudrex records a 2400% increase in users: Becomes the largest crypto index investing platform
Mudrex, a cryptocurrency company that specializes in autopilot smart crypto investment, has confirmed that it is now the largest crypto index investing platform in the world, following a 2400% increase in its user base in the first quarter of 2022. Currently, the platform has more than 250,000 users as it continues to operate across the globe.
Mudrex hits big
Mudrex has hit big and claims to be the largest crypto index investing platform in the world, with a 2400% increase in users in Q1 of 2022. As per the official press release from the firm, it is also hiring three new senior executives that will lead the firm to newer highs in the coming years. These hires include Arnab Kumar as Chief of Staff, Amit Rangari as Head of Legal, and Nivedita Kannan as Head of People.Mudrex is known for its flagship product, the Coin Sets, which are baskets of crypto tokens based on a theme that allows investors to invest in the ideas in which they have faith and help them grow their wealth in the long term.
"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," said Mudrex CEO and co-founder Edul Patel. "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."
Contribution of India
Mudrex now has 65 full-time staff, which is a fourfold increase since September 2021. It is also important to note that Indian users contributed more than 80% to this growth. The humongous growth of the Y-combinator-backed firm shows that despite the harsh tax laws introduced in India and the regulatory uncertainty revolving around cryptocurrencies, investors are willing to put their money in the future of finance.Continue reading by joining Cryptonary Pro
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