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About Mudrex
Mudrex is a Bengaluru-based Indian crypto trading platform founded in 2018 and registered with India's Financial Intelligence Unit. Its product line has three parts: spot trading across more than 650 assets; Coin Sets, thematic token baskets such as top ten by market cap, DeFi and Layer 1, bought at a stated methodology and periodically rebalanced by the platform with a minimum of 500 rupees; and derivatives offering USDT-denominated perpetual contracts alongside systematic investment plans.
The platform accepts rupee deposits through UPI and bank transfers, settles sales directly to bank accounts, and holds ISO/IEC 27001:2022 and SOC 2 Type II certifications. In March 2026 Mudrex rolled out crypto futures margined in Indian rupees, so users no longer convert funds into stablecoins first and margin, fees and returns are all measured in rupees, removing the cost and foreign-exchange steps of round-trip conversion.
Mudrex, an Indian crypto investment platform founded in 2018, has navigated key milestones shaping its long-term trajectory. In August 2024, the Delhi High Court ordered India's Ministry of Communications to take down 38 fraudulent websites misusing Mudrex's name, following reports of scams where impersonators on Telegram lured investors with fake promises. This legal action marked a critical step in protecting the brand and user trust. In January 2025, Mudrex temporarily suspended cryptocurrency withdrawals, citing compliance upgrades, with INR fiat withdrawals unaffected. The suspension, expected to lift by January 28, underscored the platform's commitment to regulatory alignment amid India's evolving crypto landscape. These events highlight Mudrex's resilience in combating fraud and prioritizing compliance, positioning it for sustainable growth in a challenging market.
Over the past six months, Mudrex has made significant strides in product development and market expansion.
In March 2026, Mudrex transitioned to an INR-native experience, making the Indian Rupee the default currency for spot trading. Users can now deposit, hold, and withdraw INR directly, with prices, charts, and portfolio values displayed in rupees. Existing USDT balances remain supported, and the shift simplifies the trading process for Indian users.
Also in March, Mudrex integrated with CCXT, the leading open-source crypto trading library. This allows developers and algo-trading platforms to connect to Mudrex seamlessly, expanding its reach to a broader developer audience.
In June 2026, Mudrex expanded its Alpha loyalty program to include INR Futures. Users trading both USDT and INR-margined futures now have their combined volume counted toward tier calculations, unlocking lower fees and priority support. This move incentivizes active futures trading and rewards user loyalty.
Looking ahead, Mudrex's roadmap focuses on deepening its INR ecosystem, enhancing its developer infrastructure, and expanding its product suite to cater to both retail and institutional traders. The company is committed to making crypto trading more accessible and efficient for the Indian market.
Co-founders and key executives:
Edul Patel (Co-founder & CEO) - LinkedIn: https://www.linkedin.com/in/edulpatel/, Twitter: https://x.com/dul_dul
Prince Arora (Co-founder) - LinkedIn: https://www.linkedin.com/in/prince-arora/
Alankar Saxena (Co-founder & CTO) - LinkedIn: https://www.linkedin.com/in/saxenaalankar/
Rohit Goyal (Co-founder) - LinkedIn: https://www.linkedin.com/in/rohit-goyal-4a1b5a/
Mudrex tiers its spot fee by 30-day volume: 0.45% at Non-Alpha, 0.42% at Alpha 1, 0.25% at Alpha 2, 0.22% at Alpha 3, 0.17% at Alpha 4, 0.15% at Alpha 5 and 0.12% at Alpha 6.
Mudrex splits futures fees into maker and taker: 0.02% maker and 0.05% taker at Non-Alpha, falling to 0.012% maker and 0.03% taker at Alpha 6, with 18% GST added.
Mudrex charges 1.5% on each Web3 buy and sell, 2% on crypto withdrawals with a 0.5 USD minimum, and a 1% redemption fee on CoinSets held under one month.