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Mudrex
Mudrex runs a FIU-registered Indian crypto exchange serving over 3M users with spot, futures, and SIP-style Coin Sets across 650+ tokens.
Mudrex
Mudrex operates as an Indian crypto-trading platform, positioning itself as a single destination for spot trading, futures, and themed coin baskets it calls Coin Sets. The firm does not disclose founding year or named principals; its public-facing identity rests entirely on product breadth and regulatory posture. The platform reports FIU-IND registration and touts ISO 27001:2022 and SOC 2 Type II certifications — compliance signals that matter in a jurisdiction where crypto's legal standing has been fluid. The product suite bundles three substantive offerings. Spot trading covers more than 650 assets, including BTC, ETH, BNB, XRP, USDC, and SOL. Futures trading supports both INR- and USDT-settled contracts, with pairs that include meme-tied tokens such as 1000PEPE and PUMPFUN. Separately, Mudrex offers Coin Sets — curated, theme-based baskets — with auto-rebalancing across strategies like Crypto Blue Chip 5, BTC 50 :: ETH 50, Basket of Memes, NFT and Metaverse Tracker, Crypto Mid Cap 10, and DeFi Tracker. The platform extends to an INR off-ramp that promises direct conversion to bank accounts via UPI or bank transfer, framing itself as liquidity infrastructure optimized for the Indian retail trader. Mudrex claims a user base exceeding 3 million, referenced on its site as 'over 30 Lakh Indians.' No team headcount or office footprint beyond India is disclosed. The firm describes its ecosystem as a trading app, a stablecoin-powered on-ramp and off-ramp, and premium white-glove global OTC services. The site does not articulate a venture-building arm, a credit business, or a separate asset-management entity; it presents as a vertically integrated exchange and brokerage rather than a multi-vehicle investment organization. The structural differentiator is Mudrex's attempt to fuse a regulated Indian crypto exchange with behaviors typical of traditional retail investing — systematic investment plans (SIPs) in crypto, themed baskets, and INR-settled futures. Most Indian exchanges split spot, derivatives, and passive products across platforms or partner integrations. Mudrex bundles them into one app with the explicit goal of making crypto exposure feel as familiar as a mutual-fund SIP, which defines its posture within India's price-sensitive, mobile-first trader segment.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Bengaluru
Corporate office
Bengaluru, Karnataka, India
Sector focus
Frequently asked questions
How does Mudrex source the assets listed on its platform?
Mudrex has not publicly detailed its token-listing criteria beyond the counts and pairs displayed on its platform. With 650+ assets listed, the selection appears broad, spanning large-cap crypto tokens like Bitcoin and Ethereum, DeFi protocols, and meme coins. The firm does not disclose formal listing committees or external advisory panels. As a FIU-registered entity, it is expected to operate within Indian regulatory expectations, but its specific due-diligence process for token onboarding remains unpublished.
Is Mudrex structured purely as an exchange, or does it manage proprietary investment strategies?
Mudrex operates as a retail-facing crypto exchange and trading platform, not as an asset manager running pooled proprietary funds. Its Coin Sets product offers curated baskets with auto-rebalancing, but these appear to be user-directed allocations rather than discretionary managed portfolios. The firm does not advertise separate investment vehicles, hedge fund structures, or venture-capital arms, positioning itself as infrastructure for self-directed Indian crypto traders.
What is Mudrex's regulatory standing in India?
Mudrex states that it is registered with India's Financial Intelligence Unit (FIU-IND), which is mandatory for crypto service providers under Indian anti-money-laundering rules. It also holds ISO 27001:2022 and SOC 2 Type II certifications, which are internationally recognized standards for information security and data handling. These registrations and certifications, prominently displayed on its site, form the core of its compliance narrative for Indian users.
Does Mudrex support institutional or high-net-worth investors beyond its retail app?
Mudrex mentions premium white-glove global OTC services as part of its ecosystem, suggesting a dedicated channel for larger trades or institutional counterparties. The firm does not publicly detail minimum ticket sizes, dedicated relationship managers for those services, or whether it operates a separate institutional desk. The primary disclosed offering remains its mobile and web app for Indian retail traders.
How does Mudrex handle custody and fund security?
Mudrex claims that user funds are protected through secure custody infrastructure and partners, and it references insured wallets and bank-grade security measures including 2FA and encryption. The firm does not name its custody partners or disclose the specific structure of those insurance arrangements, but it associates its security posture with its SOC 2 Type II and ISO 27001 certifications as evidence of continuous auditing and data protection.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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