Mudrex launches commission-free product ‘Earn’ for 50 cryptocurrencies

economictimes.indiatimes.com:

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%.

Edul Patel, CEO & co-founder of Mudrex, said, “By eliminating fees and simplifying the process, we aim to empower our users to maximize their crypto earnings effortlessly. The Earn product has already started gaining traction during its beta stage, attracting over 5,000 users who collectively staked 1 million in the past two weeks. We also plan to expand the range of supported coins, continuously enhancing our platform's value proposition for the users.”

Mudrex operates in full compliance with local regulatory bodies in India and the European