Bengaluru, 11th June 2024: Mudrex, a leading global crypto investment platform, today unveiled its new product, ‘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 participate in ‘Earn,’ users must maintain a minimum balance of the supported coins in their Mudrex wallets. The platform generates steady annualized returns of 0.023% to 10% by engaging in short-term ventures like margin funding and investing in secure, long-term DeFi protocols.
Edul Patel, CEO & Co-founder of Mudrex, stated, “By eliminating fees and simplifying the process, we aim to empower our users to maximize their crypto earnings effortlessly. The ‘Earn’ product has already gained traction during its beta stage, attracting over 5,000 users who collectively staked $1 million in the past two weeks. We plan to expand the range of supported coins, continuously enhancing our platform’s value proposition.”
Mudrex operates in full compliance with local regulatory bodies in India and the European Union. The platform is registered with the Financial Intelligence Unit (FIU) in India and holds a Virtual Asset Service Provider (VASP) license in the EU. Additionally, Mudrex is registered with the Organismo Agenti e Mediatori (OAM) in Italy.
