With Mudrex’s Crypto-as-a-Service platform, fintech enterprises, super apps, portfolio management services, etc. can provide simple yet secure crypto exposure to their customers without worrying about the compliances and the technology.
Thanks, Kevin for hunting us!
Hey PH community 👋,
🎉 Introducing: Crypto-as-a-Service – by Mudrex 🎉
Over the past few years, Mudrex has created crypto investment products for the average investor which were previously only available to a select few. With expert-curated investment offerings, not everyone has to be an investment guru to grow their money on Mudrex.
Building upon the foundation of being the simplest way to invest in crypto, we’re today launching an API-based ‘Crypto-as-a-Service’ solution that enables brokers, super apps, portfolio curators, and fintech ventures to provide reliable and secure crypto investment products to their user base - in a seamless and secure manner.
❓ Why Mudrex
While we built Mudrex (50,000+ users, $10M in AUM, and $2B trading volume) over the last 2 years, we realized that even though the crypto market was booming, the general investor struggled to find the right investment avenues due to volatile markets, countless platforms amongst other variables. The solution was a variety of investment products that help users diversify their portfolio while keeping in mind their risk appetite.
Through the course of building the said product, we’ve gained invaluable insights. With an experienced team, robust product and a thriving community, Mudrex sits in a place where we feel we can open up the platform in a way that will allow other organizations and institutions to benefit from.
🌟 CaaS For All
Through our seamless API integration, clients can embed capabilities to not just buy crypto, but also invest in it in a systematic manner, all supported by Mudrex including KYC, regulatory/compliance monitoring, brokerage, custody, and management of the cryptocurrency. Additionally, Mudrex CaaS enables users to transact in cryptocurrencies using their preferred fiat currency. This means that your users will be able to deposit funds directly from their fiat bank account to invest in crypto and redeem the returns back in fiat accounts.
With Mudrex's Crypto-as-a-Service, you can:
- Let your customers access crypto markets within your existing platform/environment.
- Offer crypto investment services on your existing apps and platforms through seamless API integration.
- Leverage crypto to expand market share and grow revenue streams.
- Enter a growing market without any high overheads or technical effort.
- Make it easy for your users to deposit and withdraw funds from their crypto wallets using our APIs, without the technical overhead of exchanges.
- Low cost and minimal effort in integration.
If this excites you, reach us at https://bit.ly/MudrexCAAS
We would love to hear your feedback!
@pankaj_gautam3 Hi and congrats with your launch! Does it work on blockchain, like non custody? Could you explain more in a simple no marketing sentences?
@praveen_peeddi as part of the offering, Mudrex issues bank grade secure crypto wallets to each user which store their crypto. Whoever is creating applications using Crypto-as-a-service can build their own wallet experience using the APIs we provide.
WOW team, what a great idea, Few days back,I was discussing on a same concept with few of my industry friends, what are the different kind products you support, through this offering
@kush_jain thanks for your comment! These are our offerings:
1. KYC and AML monitoring
2. Crypto wallet and custody
3. Crypto buy and sell
4. Crypto investment products. This one is unique because of the products we offer - like crypto mutual funds (Coin Sets: https://mudrex.com/coinsets/invest).
Great potential! I see this becoming really big in next few quarters, it's an untapped market segment, with a huge growth incoming!, one of the major issues now a days is the fraud happening in the crypto space, what are the measure you've taken to mitigate the same?
@sabya_k thanks, and yes, as crypto grows it's only obvious that crypto investment products will be distributed by portfolio managers, brokerages and fintech platforms.
For fraud - we have a robust KYC and Anti Money Laundering module in place, available out of the box, along with all the other features. We work with global partners to offer this - like identity verification is powered by Sumsub.
Woah, Blown away by the idea, however the biggest problem now a days is security with most of the platforms, especially after recent hack news at coinbase, How secure are your systems?
@sagar_bhatia22
Hey Sagar
Mudrex provides bank level security on the platform. We are aware of the risks, but we take pro-active measures to ensure complete safety of all the assets and user data on the platform.
@sagar_bhatia22 Adding to the points mentioned by Pranjal - we offer identity verification bundled with this product. And have identity, payment and transaction fraud checks running across the system.
Mudrex defines the innovation in Cryptoa, I've been a user of their services for more than a year now. All the Best team! Looking forward to your new idea :)
@himanshu10 Thanks. All currently live Mudrex products are built on centralized exchanges. We do plan to add some decentralized exchange based products later.
The Crypto space is growing exponentially. I guess Mudrex has products for everyone Retail/Institutional Investors, Traders, and now Businesses too. That's truly Awesome!
@sujin_k Thanks! Yes, crypto purchases by credit card are available. Charges vary by currencies and the available liquidity at the time of purchase. You can check them by clicking the "Buy" button on your Mudrex wallet - https://mudrex.com/wallet.
liked the idea! I'd love to know more about this and possibly even try it out :) is it possible to schedule a meet with the product/customer team for a more detailed explanation?
Great, Indusctry is shaping towards Fintech super apps for sure, with the adoption increasing day by day, these offerings can be pivotal towards growth of cypto, What is the cost structure/pricing for the offering?
@suniel_meena2 We provide technical support and dedicated account managers. Since crypto investment industry is fairly new, we're also offering user experience consultations in addition to this on a case to case basis.
What is the latency on your operations like sending an order to an exchange? Do you also support any exchanges like Binance/FTX or do we have to send funds to Uniswap to trade?
Interested in replacing my current wallet setup to this if multiple exchanges are supported.
@shrey_pandey we support centralized exchanges, the liquidity is provided by Binance right now. You don't need to send funds to Uniswap. We're building support for multiple exchanges on Mudrex wallet as we speak.
About latency on operations - Orders are placed almost real time on exchanges.
@shivangi_dewani Thanks for your kind words. Yes, a non fintech app can offer crypto rewards using Mudrex crypto as a service. Without having to build anything in crypto, or for compliance.
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