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As Mudrex marks its triumphant sixth year in the ever-evolving realm of cryptocurrency, the platform reflects on a journey rich with innovation and growth. From its inception in 2018 as an automated crypto trading platform, Mudrex is the world's biggest crypto index platform, with over a million users. In an exclusive interview with Edul Patel, CEO, Mudrex, ETMarkets explored the platform's notable milestones, its pivotal role in shaping investor behaviours, and its ambitious vision for the future. As Mudrex is turning six on 12th January, can you share some key milestones and achievements the platform has experienced so far? Edul Patel: In 2018, our journey began with building an automated crypto trading platform, laying the foundation for Mudrex today.

“The increasing adoption of Artificial Intelligence (AI) offers immense potential to transform the crypto market in various ways. AI technologies can significantly enhance security measures, improve fraud detection, and strengthen compliance with Anti-Money Laundering (AML) regulations,'' Ankur Grover, CEO of Zoksh Pay, told ETMarkets in an interview. Edited excerpts: How can the increasing adoption of AI help transform the crypto market? The increasing adoption of Artificial Intelligence (AI) offers immense potential to transform the crypto market in various ways. AI technologies can significantly enhance security measures, improve fraud detection, and strengthen compliance with Anti-Money Laundering (AML) regulations. AI-powered systems can analyze vast amounts of data in real-time, helping identify suspicious patterns and potential fraud attempts. By automating the detection process, AI can minimize false positives while enabling faster and more accurate identification of fraudulent activities. This not only protects businesses and customers but also enhances overall trust in crypto transactions.

Volumes in major crypto trading platforms in India have seen a hit following the high taxes imposed by the government. However, the progress that the country is making in bringing in regulations for this asset class has given hope to service providers such as CoinSwitch to see phenomenal growth in the crypto market. «The sunny side view is that India has made progress on crypto regulations with standards and rules on AML-CFT, data reporting and more. These standards enhance the transparency in the Indian crypto ecosystem, and provide an opportunity for the government to relook at the TDS rate,» Ashish Singhal, Co-founder and CEO of CoinSwitch, told ETMarkets in an interview. While trading volumes in crypto have recovered in 2023 from the sharp drop in 2022, pain pressures still seem to exist. How have volumes been on your platform so far this year? While there has been a recovery in the trading volumes since the beginning of this year, they have not touched the levels we saw in early 2022. This is a reflection of the continued uncertainty in the global macroeconomic outlook as well as India-specific headwinds such as the high TDS. The sunny side view is that India has made progress on crypto regulations with standards and rules on AML-CFT, data reporting and more. These standards enhance the transparency in the Indian crypto ecosystem, and provide an opportunity for the government to relook at the TDS rate. This would be in line with the spirit of G20 discussions on crypto, which is to arrive at a global standard.

crypto investment platform provider Mudrex aims to become the largest crypto asset manager in the next five years. “Mudrex already provides investment products to about 500,000 users in India. We want to grow this, scale up AUM, and become the largest crypto asset manager in the next five years,” says Edul Patel, CEO and Co-founder of the crypto investment platform. Currently, Mudrex has nearly 1 million users onboard, and it expects to take this number to 5 million by the end of 2025.Edited excerpts from an interview with ETMarkets:

Brian Armstrong, the chief executive officer of United States-based cryptocurrency firm Coinbase, is looking for lawmakers and regulators to discuss regulatory clarity in the crypto space.

Bitcoiner Dan Held gave journalist Nicole Behnam a true Texan welcome to Austin while the pair discussed their individual paths into the world of crypto.

Working out has become a trending conversation on social network platforms. Exercise, especially indoor-style, is influencing lifestyle amid a wide range of COVID-19 lockdowns globally.