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Mudrex

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Cryptocurrency investment made easy with autopilot-based trading

Mudrex is a cryptocurrency investment tool and platform with a mission to democratize access to investment opportunities in financial markets. The project claims that it uses top algorithms made by pro traders in order to help everyone to make profits on the cryptocurrency market. According to CrunchBase, Mudrex is a smart crypto investment tool where users can enjoy autopilot-based investment activities.

The company claims that the app will help people invest in crypto as a hedge fund does. Pro traders can contribute by building trading algorithms using Mudrex algorithmic trading platform. On the other hand, the app will automatically build a portfolio bundle using top performing algorithms for a different risk-reward profile suitable for each investor. With this, investors can easily choose a portfolio based on their risk-reward expectations. When a user decided to set-up their risk-reward profile, the platform will help them by automatically buys and sells different cryptocurrencies on behalf of investors.

The company has raised a total of $150K in a seed funding round that was finished on March 18, 2019. Y Combinator is the key investor of the project, which supports and helps the team (currently has 3 core members, including its founder Alankar Saxena) to build and polish the app. According to the website, the app now supports major exchanges including BitMEX, Coinbase Pro, OKEX, Binance, Deribit, and more. It also supports more than 200 advanced trading indicators for expert traders, while still make it simple for new investors to participate in the market.

Categories

Investment, Services

Location

California, United States

Year founded

2018