Mudrex Financial News

Mudrex, a global crypto trading platform, has introduced Learn With Mudrex, India's largest free crypto education initiative, at India Blockchain Week. This platform aims to bridge knowledge gaps and improve crypto literacy through accessible and structured learning resources. «The platform aims to expand its educational outreach across India with a target of onboarding 10,00,000 crypto learners by next quarter. Mudrex began working on this initiative with a smaller audience in August. Following an overwhelmingly positive response, it is now launched on a larger scale,» the company said in a release.

smaller cities showing a strong appetite for crypto adoption. Interestingly, Jaipur secured the sixth spot on the top 10 list after Delhi-NCR, Bengaluru, Mumbai, Hyderabad, and Pune. A significant majority of crypto investors in India (75%) are under the age of 35 Given that about 65% of the country's total population is under 35 years of age, crypto presents a huge opportunity for investments. This evolving crypto tale is shaped by the global crypto narrative where it is no longer just a buzzword—it’s a global financial movement reshaping economies and creating unprecedented opportunities. The year 2024 ended on a high note for crypto investors, with Bitcoin outshining traditional investments such as stocks, bonds, and gold, delivering a staggering 140% annual return. Starting the past year at $42,000, it soared past $100,000 in December, hitting a record $108,268

Bitcoin price action, this week has given some refreshing developments that could potentially change the course of the crypto market. From Trump’s aggressive appointment plans to appoint pro-crypto regulatory leaders to nations like China, Brazil, Morocco, and Hong Kong taking a more bullish stance on digital assets, here’s what happened in crypto over the week. Trump’s Plans for the Regulators:

As the blockchain and decentralized finance world expands, Ethereum stands out as an attractive investment. This guide helps Indian investors navigate the process of buying Ethereum safely and effectively, unlocking the potential of digital assets.

stablecoins have emerged as a pivotal element within the cryptocurrency ecosystem. Positioned as a bridge between the volatile world of cryptocurrencies and the stability of traditional fiat currencies, stablecoins are gaining recognition for their potential to enhance the efficiency and reliability of digital transactions. Recently, Anush Jafer, a research expert from Mudrex, discussed the significance of stablecoins in an ETMarkets live stream, highlighting their mechanisms, benefits, and impact on the broader financial system.

Mudrex, addressed a gathering of traders and financial experts, challenging the common perception of Bitcoin's volatility. He highlighted that Bitcoin’s risk-to-reward ratio is similar to that of Gold and S&P 500, making it an attractive long-term asset for investors. «Bitcoin is not as volatile as people think. Its volatility has been decreasing steadily with the rise of institutional and retail adoption,» Patel stated. He noted that while traditional indices like NIFTY 50 have outperformed Bitcoin in terms of the Sharpe ratio (a measure of risk-adjusted returns) over the same period, Bitcoin remains a valuable addition to long-term investment portfolios.

cryptocurrencies, once viewed with skepticism, are increasingly embraced by institutions. This shift signifies a paradigm change in investment strategies and financial services, reflecting a broader recognition of the potential of digital assets to reshape the global economy. In a recent ETMarkets live stream, Manav Varanasi from Sales & Trading at Mudrex discussed this remarkable transition and the factors driving institutional acceptance of cryptocurrencies.

Mudrex will host a series of weekly panel discussions and educational initiatives on its social media platforms focused on cybersecurity and crypto safety, reinforcing the importance of vigilance in the rapidly growing digital asset space. Cybersecurity has become a critical concern for crypto investors as the number of security breaches, frauds and hacking attempts in the ecosystem increases. To help investors better protect their assets, Mudrex will collaborate with experts from the crypto and cybersecurity industries to share tips, case studies, and success stories on staying protected from emerging threats.

Bitcoin, Ethereum, and other major cryptocurrencies recovering from previous losses. As of 1:02 pm IST, Bitcoin was trading 1.2% higher at $57,195, while Ethereum had surged 1.3% to $2,414. Other notable gains included Solana up 2.8%, Dogecoin rising 2.4%, Cardano by 1.5%, Avalanche by 1.7%, Shiba Inu by 2.6%, and Litecoin leading with a 4.3% increase.

Solana's (SOL) impressive performance, Anush Jafer, a Mudrex Research Expert, shared his perspective on the ETMarkets live stream, weighing in on the potential shift in the crypto hierarchy. With SOL now posing a serious challenge to Ethereum (ETH), Jafer discussed the strategic moves investors should consider. Jafer began by acknowledging the buzz around Solana’s recent surge, surpassing Ethereum in certain metrics, particularly in terms of transaction speed and cost efficiency. «Solana has made significant strides, particularly with its scalability and low transaction fees, which are attracting a lot of developers and users,» Jafer noted. This development, he explained, has prompted many to question whether SOL is poised to challenge ETH's dominance in the long run.

Independence Day Airdrop Campaign. As part of this initiative, Mudrex will airdrop up to Rs 10 crore worth of Bitcoin (BTC) to its users and participants, marking the largest Bitcoin airdrop campaign ever conducted in India. The campaign will run from August 1 to August 13. As a leader in the crypto investment space, Mudrex aims to promote financial awareness through this airdrop. The campaign is designed to reward existing users and attract new participants, encouraging them to explore the benefits of investing in digital assets.

Mudrex, a globally recognized crypto investment platform, today introduced a new product called 'Earn', which initially supports 50 cryptocurrencies. This innovative service allows users to earn rewards on their crypto holdings without any commission or fees, offering up to 10% passive income with no lock-in period. To take advantage of the 'Earn' product, users must maintain a minimum balance of the supported coins in their Mudrex wallets. By engaging in a combination of short-term ventures such as margin funding and allocating funds into secure, long-term DeFi protocols, Mudrex aims to provide a steady flow of fixed annualized returns ranging from a minimum of 0.023% to a maximum of 10%.

On the momentous occasion of Bitcoin Pizza Day, Mudrex, a global crypto investing platform, orchestrated a grand celebration that transcended mere indulgence in culinary delights. Spearheaded by Edul Patel, CEO & Co-founder of Mudrex, the initiative aimed to commemorate the historic Bitcoin transaction of 2010 while fostering awareness and community engagement around cryptocurrency in Bengaluru. Partnering with over 30 WeWorks and collaborating with Zomato, Mudrex embarked on a mission to distribute pizzas to nearly 2,000 children from 25+ orphanages and shelter homes, alongside connecting with 500+ startups across the city. In an exclusive interview with ETMarkets, Edul Patel shares insights into the inspiration behind Mudrex's impactful event, its broader vision for cryptocurrency education, and ambitious plans for future outreach. Additionally, the conversation delves into the current trends shaping the crypto industry, including SEBI's regulatory stance and its implications for Indian investors. Could you share the inspiration behind Mudrex's grand celebration for Bitcoin Pizza Day? Edul Patel: On May 22nd, 2010, Laszlo Hanyecz, a programmer and early Bitcoin enthusiast made history by paying 10,000 Bitcoins for two Papa John’s pizzas.

Mudrex, the crypto investment platform backed by Y-Combinator, announced its partnership with ClearTax on May 13th, aiming to streamline crypto tax filing for its users in India. «This collaboration marks a significant step forward in enhancing the user experience by providing a robust compliance infrastructure to accurately report taxes. By integrating ClearTax into its platform, Mudrex aims to alleviate the complexities associated with tax reporting, ultimately saving users valuable time and effort, especially during tax seasons,» Mudrex stated in a release.

«Coin of the Week» is a featured series highlighting the week's top-performing cryptocurrency. This article offers a comprehensive 360-degree analysis encompassing fundamental, technical, sentimental, and on-chain perspectives. Join us as we explore the intricacies of this standout coin and explore its multifaceted performance. Let's dive in.

If you've been hesitant to jump in, you're not alone – but the longer you wait, the more you might be missing out. Fortunately, a range of intuitive apps now simplify cryptocurrency investing. We'll assess a selection of top cryptocurrency apps in India, breaking down the key criteria that a novice investor should consider.

Shiba Inu Bonus Campaign Running from March 22nd to April 20th, this campaign is to celebrate Bitcoin Halving, a pivotal event in the cryptocurrency world that occurs approximately every 210,000 or four years. Bitcoin Halving refers to the reduction in the reward given to miners for validating transactions on the Bitcoin network. This reduction in supply often leads to an increase in demand, driving up the price of Bitcoin. The past halving events took place in 2012, 2016, and 2020. This April the fourth halving will reduce the mining reward to 3.125 BTC per block. How to Participate in this Campaign? Participating in this exclusive campaign is as straightforward as it gets. Investors simply need to invest in Bitcoin or transfer their existing Bitcoin holdings from other platforms to Mudrex. The amount of Shiba tokens they receive is directly proportional to the Bitcoin they invest or transfer.

In the backdrop of the recent surge in the cryptocurrency market, Mudrex has seen trading activity soaring 192-270% in its crypto investment platform in the last three months. In fact, in February alone, the platform onboarded 42,000 new users. «Anticipating continued growth, we project onboarding 100,000 new users and witnessing a threefold increase in trading volume by the end of March,» said Edul Patel, CEO and Co-Founder of Mudrex, in an exclusive interview with ETMarkets. Patel also shared his valuable perspectives on the current market dynamics, key events to watch out for in the coming financial year, strategic recommendations for investors amidst market volatility, and plans for future growth and expansion. The recent rally in Bitcoin and other cryptocurrencies has captured the attention of investors worldwide. What is your perspective on this market phenomenon, and how does Mudrex position itself to navigate and capitalize on such market trends? Edul Patel: The current market movement in crypto can be attributed to many factors.

Mudrex, a Y-Combinator-backed global crypto investment platform, on Monday announced the launch of US Bitcoin Spot ETFs for Indian investors. Those interested can start investing in Bitcoin spot ETFs on Mudrex’s platform with a minimum amount of $5,000 and a maximum of $250,000. Mudrex empowers investors to choose individual spot ETFs, create a personalised basket, or opt for pre-listed options depending on market capitalisation.

Mudrex, the leading global crypto investment platform, on February 13 announced the official launch of Mudrex Prime, an exclusive Over-the-Counter (OTC) services division catering to institutional and high-net-worth individuals. Mudrex Prime offers extensive asset coverage, including USDT, USDC, BTC, ETH, and many more, ensuring instant liquidity with swift fulfillment of large orders at the best OTC rates. Currently, Mudrex Prime supports major currencies such as INR, GBP, EUR, AED, SGD, CHF, and more, allowing users to trade premier assets at zero transaction fees and execute orders with minimal spread.