Mudrex temporarily paused crypto withdrawals until January 28, 2025 to upgrade its compliance suite and prevent misuse by bad actors.
SourcePublic company, workplace, funding, and market signals
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
0 jobs at Mudrex
Check back later for new openings
Business model
Stage
Series A
Total raised
$22.2M
Latest round
Series A / bridge round · Jul 2022
Latest amount
$12.3M
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
Investors
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backend posting estimated about $104k-$123k, while other job snippets describe compensation as competitive but do not publish company-wide salary bands.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
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
Technology
Customers
Estimated revenue
$1M-$10M
Estimated monthly visits
199.8K
Traffic estimate as of Jun 2026
Mudrex temporarily paused crypto withdrawals until January 28, 2025 to upgrade its compliance suite and prevent misuse by bad actors.
SourceMudrex announced delisting of privacy tokens effective January 30, 2026 in response to updated FIU-India guidance.
SourceMudrex published a security advisory warning users about impersonation scams and clarifying official communication channels.
SourceMudrex said its 'Gift a Crypto' feature would be discontinued and removed from the app starting April 1, 2026.
SourceMudrex 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.