New Delhi: Aiming to appeal to retail players, crypto asset management platform Mudrex has launched ‘coin games’ allowing investors to invest in a variety of mutual fund style crypto products.

This is the first time that such a product has been launched for retail investors. These investment products were previously available but accessible only to HNIs and institutional investors.

Mudrex, backed by Y Combinator and Nexus VP, tries to simplify crypto investing by creating an easy-to-use product for small investors.

Coin sets are the basket of crypto tokens, which will be based on a particular theme, and investors believe this idea can gradually play into it, increasing long-term wealth.

For example, the coin set named “DeFi 10” will include the top 10 DeFi (decentralized finance) tokens. Likewise, the “NFT” coin set will be a basket of the best NFT projects.

Coin sets are created and managed by experts from the Mudrex team. The team will take care of fund allocation, weighting, order execution and periodic rebalancing.

The product will help investors manage potential risks by diversifying their portfolios across different cryptocurrencies and achieving above average returns.

Edul Patel, CEO and co-founder of Mudrex, said the platform seeks to make it easier and simpler to invest in crypto for new investors. Coin Sets is a product that will allow investors to mitigate risk by diversifying their investments in cryptocurrencies.

“This is a mutual fund-like product with a better risk / reward ratio, designed appropriately for investors who view crypto investing as a long-term wealth building option. The product is likely to boost retailer participation in crypto, ”he added.

With over $ 15 million in assets under management, Mudrex recently raised $ 2.5 million from Nexus Venture Partners, Village Global, Kunal Shah and others. Launched in 2018, Mudrex has a user base in 90 countries.

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