Mudrex Launches Coin Sets
Mudrex, a global crypto asset management platform, has launched ‘Coin Sets,’ allowing retail investors to invest in various crypto investment products similar to mutual funds. Previously, only HNIs and institutions had access to such a facility, according to Mudrex.
Mudrex hopes to offer an easy-to-use product for individual investors with Coin Sets as part of its vision of simplifying crypto trading.
What is Coin Set
Coin Sets are themed collections of crypto tokens. It would allow consumers to invest in concepts they believe will help them expand their wealth over time. A Coin Set dubbed ‘DeFi 10’, for example, is a collection of the top 10 DeFi tokens. Similarly, the ‘NFT’ Coin Set is a collection of the top 6 NFT initiatives.
The coin sets were designed and managed by Mudrex’s team of professionals. According to the announcement, Mudrex would also handle allocation, order execution, and periodic re-balancing to provide a smooth user experience.
By diversifying their investments across different cryptocurrencies, the product will assist investors in managing potential risks.
Mudrex’s CEO and Co-Founder Edul Patel said that the platform aims to make investing in crypto easier and simpler for novice investors. Coin Sets is a tool that allows investors to diversify their cryptocurrency investments and reduce risk.
“IT’S A MUTUAL FUND-STYLE PRODUCT WITH A BETTER RISK-TO-REWARD RATIO, SELECTED FOR INVESTORS WHO SEE CRYPTO AS A LONG-TERM WEALTH DEVELOPMENT OPPORTUNITY. THE DEVICE IS EXPECTED TO INCREASE CONSUMER INTEREST IN CRYPTOCURRENCY .”
Mudrex recently raised $2.5 million in capital from Nexus Venture Partners, Village Global, Kunal Shah, and others, with a total asset under management of more than $15 million. Mudrex, founded in 2018, has a user base across 90 countries.
Coin Set Features
Coin sets, according to Mudrex, are similar to mutual funds but with a superior risk-reward ratio. The product is meant to increase retail participation in crypto investing, and it has been carefully selected for investors who view crypto investments as long-term wealth development opportunities.
Mudrex Launches Coin Sets
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What is Coin Set?
Coin Sets are themed collections of crypto tokens. It would allow consumers to invest in concepts they believe will help them expand their wealth over time. A Coin Set dubbed ‘DeFi 10’, for example, is a collection of the top 10 DeFi tokens. Similarly, the ‘NFT’ Coin Set is a collection of the top 6 NFT initiatives.
What are the feature of coin set?
Coin sets, according to Mudrex, are similar to mutual funds but with a superior risk-reward ratio. The product is meant to increase retail participation in crypto investing, and it has been carefully selected for investors who view crypto investments as long-term wealth development opportunities.
What is the purpose of Mudrex?
Mudrex has launched a SIP option for Coin Sets, an MF-style crypto investment scheme. Investors can spread out their capital investment on Coin Sets instead of making a lump-sum purchase, lowering the risk of their crypto investment.
Is Mudrex unsafe?
These services are intended to assist you in making better judgments and developing custom trading strategies and bots. The major problem with automatic trading programs is that not all of them are legitimate. Some are more dangerous than others.
