Other
Jan 2025Mudrex temporarily paused crypto withdrawals until January 28, 2025 to upgrade its compliance suite and prevent misuse by bad actors.
SourceCompany research
Public company, workplace, funding, and market signals
Overview
Mudrex is a US-headquartered, Bengaluru-based fintech/crypto platform founded in early 2018. It helps retail users buy, sell, and invest in crypto through an INR-first app with Spot, Futures, Coin Sets, and API/OTC capabilities, while emphasizing compliance, security, and transparent fees.
Primary product
Crypto trading and investing platform (Spot, Futures, Coin Sets, INR on-ramp/off-ramp)
Founded
2018
Headquarters
San Francisco, California, United States; major operating base in Bengaluru, Karnataka, India
Team size
100-150
Industry
Financial Services
Sub-industry
Crypto trading / crypto investing platform
Offices
4th floor, 315 Work Avenue Building, 257, 16th Cross, 5th Main Rd, Sector 6, HSR Layout, Bengaluru, Karnataka, 560102
1781 2nd Floor Urbanvault, Bengaluru, Karnataka 560100, India
555 W Middlefield Road, Mountain View, CA 94043, United States
San Francisco, California, United States
Business model
retail crypto brokerage
tiered transaction-fee trading
crypto withdrawal fees
white-glove OTC / prime services
API/SDK integration for trading workflows
Funding
Stage
Series A
Total raised
$22.2M
Latest round
Series A / bridge round · Jul 2022
Latest amount
$12.3M
People & investors
Leadership
Founder & CEO
India Market Head
Vice President of Growth & International Expansion; Business Head, Saber Money
Head of Compliance
General Counsel
Head-Customer Success
Chief Information Security Officer
Technology Lead
Founders
Co-Founder; former Founder, CPO and CTO
Co-Founder
Co-Founder
Work & culture
High-trust, high-ownership, compliance- and security-first culture with a strong engineering and product orientation; public job pages also emphasize mentorship, flexibility, and an innovative environment.
Compensation
Public pay data is limited; one third-party Bengaluru backend posting estimated about $104k-$123k, while other job snippets describe compensation as competitive but do not publish company-wide salary bands.
Benefits
health insurance for employees and family
relocation assistance to Bangalore
health club membership
mental health and well-being reimbursement
healthy catered meals
well-stocked pantry
flexible leave policy
gender-agnostic parental leave
sponsored training and learning
flexible working hours
Product & market
Pricing
Tiered trading-fee model with free INR deposits and withdrawals, a 2% crypto-withdrawal fee, 1.5% Web3 buy/sell fees, and volume-based Alpha tiers that lower Spot and Futures fees.
Differentiators
- —INR-first trading experience for Indian users
- —650+ crypto assets on the platform
- —Coin Sets / themed crypto baskets
- —Futures trading with leverage and programmatic APIs
- —strong compliance footprint across India and Europe
- —ISO 27001:2022 and SOC 2 Type II security posture
- —24x7 support
- —volume-based Alpha VIP fee reductions and perks
- —Mudrex Prime white-glove OTC service
Technology
AWS
Google Cloud Platform
Microsoft Azure
Python
Node.js
Go
React
REST APIs
webhooks
Chainalysis
GitHub
Slack
LDAP
Customers
Indian retail crypto investors
active crypto traders
users seeking INR-first crypto buying and selling
futures traders
high-volume/Alpha traders
API/integration partners
OTC / prime-service clients
Scale & contact
Estimated revenue
$1M-$10M
Estimated monthly visits
199.8K
Traffic estimate as of Jun 2026
Signals & risks
Other
Jan 2026Mudrex announced delisting of privacy tokens effective January 30, 2026 in response to updated FIU-India guidance.
SourceOther
Jun 2026Mudrex published a security advisory warning users about impersonation scams and clarifying official communication channels.
SourceOther
Mar 2026Mudrex said its 'Gift a Crypto' feature would be discontinued and removed from the app starting April 1, 2026.
SourceLatest news
Mudrex Blog · Jun 2026
Mudrex warned users about impersonation scams, clarified official channels, and said employees will not initiate unsolicited contact or request sensitive credentials.
Mudrex Blog · Apr 2026
Mudrex revamped its Alpha tiers so lower fees and VIP perks are based on 30-day trading volume, with updated Spot and Futures fee tiers.
Mudrex Blog · Jan 2026
Mudrex said it would delist privacy-focused tokens effective January 30, 2026 in response to FIU-India guidance.
Gadgets 360 · Jan 2025
External coverage said Mudrex resumed crypto withdrawals after a short pause and that the platform had upgraded its compliance process.
The Economic Times · Jan 2025
Mudrex celebrated its 7th anniversary, said its user base had exceeded 3 million, and highlighted $200 million in monthly trading volume and 2025 expansion plans.
Jobs and careers at Mudrex
0 jobs at Mudrex
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