Cryptocurrency Prices by Coinlib

Crypto investment in mutual funds style: Mudrex launches 'coin sets'

New Delhi - Aimed to woo retail players, crypto asset management platform Mudrex has launched 'coin sets' that allow investors to invest in a variety of mutual-fund style crypto products.

It is the first time that a product of this type has been launched for retail investors. Such investment products were available before, but they could only be accessed by high net worth individuals and institutional investors.

Y Combinator and Nexus VP, backed by Mudrex, are trying to simplify crypto investment by building an easy-to-use product for small investors.

Coin Sets are a basket of crypto tokens, which will be based on a specific theme and investors believe that this idea can benefit gradually, leading to increased wealth in the long run.

For example, a coin group called “DeFi 10” will include the top 10 DeFi (Decentralized Finance) tokens. Similarly, the coin set of 'NFT' will be a basket of the best NFT projects.

Mudrex,Mudrex india,cryptocurrency investment,cryptocurrency investment india,crypto tokens,mutual funds

Coin sets are created and managed by experts from Mudrex team. The team will be responsible for allocating money, weight, order execution and periodic rebalancing.

The product will help investors manage potential risks by diversifying their portfolios across different cryptocurrencies and earn above average returns.

Edul Patel, CEO and co-founder of Mudrex, said that the platform seeks to facilitate and simplify investing in cryptocurrencies for new investors. Coin collections are a product that will allow investors to mitigate risks by diversifying investing in cryptocurrencies.

“It is a mutual fund-like product with a better risk-reward ratio, curated suitably designed for investors who view cryptocurrency investments as a long-term option to build wealth. The product is more likely to drive retail participation in cryptocurrencies.”

With over $15 million in assets under management, Mudrex recently raised $2.5 million in funding from Nexus Venture Partners, Village Global, Kunal Shah and others. Mudrex was launched in 2018, and has a user base across 90 countries.

Also Read: Sunteck Realty acquires 110 acres to enter second home market

  • Share
logoSubscribe now