Mudrex, a global crypto investment platform, has witnessed a 200 per cent increase in its user base, exceeding 3 million, and a 20X surge in monthly trading volume, reaching $200 million.

The company also has plans to expand its reach, targeting 10 million users by the end of 2025, and is poised to enter new markets.

Alankar Saxena, Co-Founder and CPO of Mudrex said, “This fee waiver is our way of thanking our community for their unwavering support and trust”.

In 2023, Mudrex secured the Virtual Asset Service Provider (VASP) registration in the European Union. Additionally, it claims to be one of the few FIU registered platforms in India.

“Seven years ago, we started Mudrex with a vision to make crypto investing simple and accessible to everyone. Today, as we celebrate this milestone, we’re not just reflecting on our journey but also looking ahead with ambitious goals,” said Edul Patel, Co-Founder and CEO of Mudrex.

Launched in 2018, the US-headquartered and Bengaluru-based fintech startup aims to be the largest asset management platform for crypto.