Indian Crypto Platform Mudrex Expands To Italy
Indian cryptocurrency investment platform Mudrex has successfully registered to operate in Italy, marking a rare international move for Indian entities. CEO and co-founder Edul Patel revealed that half of their team is working on international expansion, and the company has also started the approval process to operate in the U.K., despite the challenges posed by harsh taxes and a global crypto winter.
Mudrex, a cryptocurrency platform in India, has been approved for registration with Italy’s Organismo Agenti e Mediatori (OAM), a mandatory step for crypto firms. Mudrex, one of India’s largest platforms, offers index investing options through Coin Sets, which include BTC and ETH in the broad-based category, as well as thematic indexes like layer one, layer two, NFT, Metaverse projects, and Dow trackers. The Italian foray was made easier for Mudrex, as the company had already fulfilled the requirements to operate in the EU after obtaining a license in Lithuania less than a year ago.
(With inputs from Shikha Singh)
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