Indian crypto exchange Mudrex is aiming at onboarding around 10 million customers in 2025. Additionally, the platform has marked a 20X increase in monthly trade volume to $200 million and a 200% increase in its user base to over 3 million in 2024.
The rise coincides with a growth in the overall crypto markets globally and also highlights the platform’s strength in its expansion plans.
Mudrex Announces Fee-Free Trading
Apart from a rise in the userbase, the platform has also made an announcement of a fee-free trading day on all coins on
January 12, 2025.
The removal of the fee for a day comes as Mudrex has completed 7 years in the industry.
Commenting on the occasion, Alankar Saxena, Co-Founder and CPO of Mudrex said, “This fee waiver is our way of thanking our community for their unwavering support and trust.”
Mudrex’s Expansion Plans: What to Expect?
Mudrex had previously obtained the Virtual Asset Service Provider (VASP) registration in the European Union in 2023.
It is also among the few platforms in India with FIU registration. With these calculated actions and knowledge, the platform is poised to increase its reach in 2025 by expanding into new markets and serving a wider clientele.
With aspirations to achieve 10 million users by the end of 2025, Mudrex is starting its eighth year of operation. The business is ready to expand into new areas and keep providing millions of consumers with easy and safe cryptocurrency investing options.
Mudrex’s Previous Plans For European Markets
The platform had previously told in an exclusive interview with UnoCrypto that it aims to reach $1 billion in trade volume as part of its objectives for international expansion in the coming years.
The CEO and co-founder of Mudrex, Edul Patel, stated in an exclusive interview with UnoCrypto that the company is continuously exploring new expansion opportunities and intends to expand its global footprint in the next years.
At present, approximately 80% of Mudrex’s users are currently from India, with 20% living in Europe. Furthermore, Mudrex’s aspirations to expand into Europe coincide with a notable increase in the number of cryptocurrency users in the area.
However, inculcating its expansion policy might see the platform garner more attention in Europe in the coming years.
Edul Patel had previously also stated that the platform is aiming to accelerate growth in the EU region through localized services, strategic collaborations, and improved user experience, in addition to strengthening the core market in India.