Mudrex, a crypto asset management platform, has created ‘coin sets,’ which allow users to participate in a number of crypto products that are similar to mutual funds.
This is the first time a product like this has been made available to individual investors. Previously, such investment products were only available to HNIs and institutional investors.
Mudrex, supported by Y Combinator and Nexus VP, is attempting to simplify crypto investment by developing a simple-to-use tool for smaller investors.
What are Coin Sets?
Coin Sets are a collection of crypto tokens centred on a specific topic, and investors believe that this concept may be used to build wealth over time.
For instance, the ‘DeFi 10’ coin set will feature the top 10 DeFi (Decentralised Finance) coins. Similarly, the ‘NFT’ coin set will be a collection of the best NFT projects.
Experts from the Mudrex team design and manage the coin sets. Fund allocation, weighting, order execution, and periodic rebalancing will be handled by the team.
The solution will assist investors in reducing risk by diversifying their investments across several cryptocurrencies while also generating above-average profits.
Mudrex’s CEO and Co-Founder Edul Patel stated 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 is a mutual fund-like product with a better risk-reward ratio, curated suitably for investors who look at crypto investments as a long-term wealth creation option. The product is likely to boost retail participation in cryptos,” he added.
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, which was founded in 2018, has a user base across 90 countries.
What is Mudrex?
Mudrex is a cryptocurrency investment platform that works similarly to a hedge fund. The Mudrex algorithmic trading platform is used by professional traders to create trading algorithms. Mudrex creates portfolio bundles based on the most effective algorithms for various risk-reward profiles. A portfolio is simply chosen by an investor based on her risk-reward assumptions. Mudrex then buys and sells various crypto currencies on behalf of investors automatically.
- Coin-Sets: https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.analyticsinsight.net%2Fmudrex-launches-coin-sets-a-mutual-fund-like-investment-product-in-crypto-for-retail-investors-across-the-world%2F&psig=AOvVaw2uWBd9YuhpCIPzdddltW3W&ust=1635228932661000&source=images&cd=vfe&ved=0CA4Q3YkBahcKEwiAoqXQ9OTzAhUAAAAAHQAAAAAQAw