Mudrex

Mudrex is a Bengaluru- and San Francisco-based cryptocurrency platform founded in 2018 by Edul Patel, Rohit Goyal, Prince Arora, and Alankar Saxena. The platform is registered under FinCEN in the U.S. and has a specific focus on making crypto investing accessible to beginners through its flagship "Coin Sets" — professionally managed thematic portfolios that group together related cryptocurrencies (for example, Bitcoin Core, DeFi Leaders, or AI & Infrastructure). Rather than buying individual coins, users can invest in a single Coin Set and get instant diversified exposure to a category. The platform serves over 3.5 million users across more than 130 countries, and is positioned as a friendlier alternative to complex exchanges like Coinbase Advanced or Kraken Pro.

The mobile-first app supports over 650 cryptocurrencies with a $10 minimum investment. Mudrex earns revenue primarily through spread-based pricing (rather than explicit trading fees), along with a 2% withdrawal fee on crypto transfers — which is meaningfully higher than competitors like Coinbase or Binance, which typically charge flat network fees or much lower percentages. In 2025, the platform faced significant user-reported issues around withdrawal delays, leading to a Trustpilot rating of approximately 1.7 out of 5 and sustained complaints about customer support responsiveness. Mudrex acknowledged the issue publicly and has since resumed withdrawals, but the incident raised serious questions about the platform's operational maturity.