Mudrex Launches ‘Coin Sets’; An investment product such as investment funds in crypto for private investors around the world





Mudrex Launches ‘Coin Sets’; An investment product such as investment funds in crypto for private investors around the world


by Analytics Insight
October 18, 2021

Bengaluru, October 18, 2021: Y Combinator and Nexus VP-backed Mudrex, a global crypto asset management platform, launches ‘Coin Sets’. Through Coin Sets, retail investors will, for the first time, be able to invest in a variety of Mutual-fund-style crypto investment products that were previously only accessible to the HNIs and institutions. With this product, Mudrex furthers its vision of simplifying crypto investing by building a user-friendly product for retail investors.

Coin Sets are baskets of crypto tokens based on a theme and allow users to invest in ideas they believe in to grow their wealth in the long run. For example, a Coin Set called ‘DeFi 10’ is a basket containing the top 10 DeFi tokens. Likewise, a coin set named ‘NFT’ is a basket of the top 6 NFT projects. The coin sets are created and managed by experts from the Mudrex team. Mudrex also takes care of allocation, order execution and periodic rebalancing to make the user experience seamless. The product helps investors manage potential risks by diversifying their portfolios across different cryptocurrencies.

Commenting on the launch of “Coin Sets,” Edul Patel, CEO and co-founder of Mudrex, said,, “As a leading global player in crypto, Mudrex is constantly looking for newer investors to make investing in crypto easier and simpler. Coin Sets is one such product that allows investors to reduce risk by diversifying investments in cryptocurrencies. It is a mutual fund-like product with a better risk-reward ratio. The product is designed to expand retail participation in crypto investments, suitably curated for investors who view crypto investments as creating wealth over the long term.”

The announcement comes quickly as Mudrex closes its seed round. Mudrex recently announced a $2.5 million funding round led by Nexus Venture Partners, with participation from Village Global, Kunal Shah, Anand Chandrashekharan and Anjali Bansal. The company has previously raised $750,000 from Y Combinator, Better Capital, Woodstock Fund and angels such as Nitin Sharma and Anupam Mittal. The platform currently accommodates 40K active users. The AUM stands at $15 million with a 30% mom growth rate over the past 10 months. Today, Mudrex is a global platform with users from over 90 countries.

About Mudrex:

Launched in 2018, Mudrex has the vision to make crypto investments less risky and long-term so that ordinary investors can take advantage of the massive wealth creation wave. Founded by Edul Patel (CEO), Alankar Saxena (CTO), Rohit Goyal (VP, Defi), Prince Arora (VP, Engineering). The Y Combinator and Nexus Venture Partners backed firm has established a robust investment platform that can be used by both newbies and experienced traders. The US-based and Bengaluru-based fintech startup aims to be the largest asset management platform for crypto investments.

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Analytics Insight


Analytics Insight is an influential platform dedicated to insights, trends and opinions from the world of data-driven technologies. It tracks the developments, recognition and performance of companies in the fields of artificial intelligence, big data and analytics around the world.

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