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Crypto-as-a-service by Mudrex — Offer crypto services to your customers, without overheads
With Mudrex’s Crypto-as-a-Service platform, fintech enterprises, super apps, portfolio management services, etc. can provide simple yet secure crypto exposure to their customers without worrying about the compliances and the technology.
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Replies
Shuvam Agarwal
This is quite an interesting proposition. Was already a huge fan of the coinsets product and now this. Way to go 💥
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What an amazing product! The use cases and possibilities could be endless. All the best, team. :)
Crypto investing craze is paragliding day by day, what are the crypto investment products supported @pankaj_gautam3 ?
@misrashubhang we offer 4 products - Coin Sets, Mints, Algos and Coins. You can explore them on www.mudrex.com
Great, Indusctry is shaping towards Fintech super apps for sure, with the adoption increasing day by day, these offerings can be pivotal towards growth of cypto, What is the cost structure/pricing for the offering?
@vinay_singh4 we charge a percentage of the order amount as fee for investments via CaaS APIs. Do reach out to us for more details - https://mudrex.com/crypto-as-a-s...
@kush_jain thanks for your comment! These are our offerings:
1. KYC and AML monitoring
2. Crypto wallet and custody
3. Crypto buy and sell
4. Crypto investment products. This one is unique because of the products we offer - like crypto mutual funds (Coin Sets: https://mudrex.com/coinsets/invest).
@kush_jain @pankaj_gautam3 I like the mutual funds thing. So sharing with my ref code on Twitter already.
Thanks, Kevin for hunting us!
Hey PH community 👋,
🎉 Introducing: Crypto-as-a-Service – by Mudrex 🎉
Over the past few years, Mudrex has created crypto investment products for the average investor which were previously only available to a select few. With expert-curated investment offerings, not everyone has to be an investment guru to grow their money on Mudrex.
Building upon the foundation of being the simplest way to invest in crypto, we’re today launching an API-based ‘Crypto-as-a-Service’ solution that enables brokers, super apps, portfolio curators, and fintech ventures to provide reliable and secure crypto investment products to their user base - in a seamless and secure manner.
❓ Why Mudrex
While we built Mudrex (50,000+ users, $10M in AUM, and $2B trading volume) over the last 2 years, we realized that even though the crypto market was booming, the general investor struggled to find the right investment avenues due to volatile markets, countless platforms amongst other variables. The solution was a variety of investment products that help users diversify their portfolio while keeping in mind their risk appetite.
Through the course of building the said product, we’ve gained invaluable insights. With an experienced team, robust product and a thriving community, Mudrex sits in a place where we feel we can open up the platform in a way that will allow other organizations and institutions to benefit from.
🌟 CaaS For All
Through our seamless API integration, clients can embed capabilities to not just buy crypto, but also invest in it in a systematic manner, all supported by Mudrex including KYC, regulatory/compliance monitoring, brokerage, custody, and management of the cryptocurrency. Additionally, Mudrex CaaS enables users to transact in cryptocurrencies using their preferred fiat currency. This means that your users will be able to deposit funds directly from their fiat bank account to invest in crypto and redeem the returns back in fiat accounts.
With Mudrex's Crypto-as-a-Service, you can:
- Let your customers access crypto markets within your existing platform/environment.
- Offer crypto investment services on your existing apps and platforms through seamless API integration.
- Leverage crypto to expand market share and grow revenue streams.
- Enter a growing market without any high overheads or technical effort.
- Make it easy for your users to deposit and withdraw funds from their crypto wallets using our APIs, without the technical overhead of exchanges.
- Low cost and minimal effort in integration.
If this excites you, reach us at https://bit.ly/MudrexCAAS
We would love to hear your feedback!
@pankaj_gautam3 Hi and congrats with your launch! Does it work on blockchain, like non custody? Could you explain more in a simple no marketing sentences?
The Crypto space is growing exponentially. I guess Mudrex has products for everyone Retail/Institutional Investors, Traders, and now Businesses too. That's truly Awesome!
@yash3339 Absolutely! we are here to help, Could you please share your details here. https://docs.google.com/forms/u/...
Nice Concept, with numerous possibilities, but where exactly user's crypto stored?
@praveen_peeddi as part of the offering, Mudrex issues bank grade secure crypto wallets to each user which store their crypto. Whoever is creating applications using Crypto-as-a-service can build their own wallet experience using the APIs we provide.
Let me start by saying, congratulations on your launch. A quick question, when you say "worldwide compliance" what does that mean? Do you have financial operating licences in all countries, would the individual businesses need to get their own licences etc? Would one be able to build a whole crypto exchange on this? how would the FIAT portion be handled?
@berthakgokong Thanks for your comments Bertha! By "worldwide compliance" we mean that we offer crypto investment products without our clients having to register for any crypto related licenses in their respective jurisdictions. We're doing this by partnering with entities globally, and acquiring licenses in addition to this wherever required.
You can build a whole crypto exchange on this, yes. Fiat goes through us - your users invest in crypto using fiat using your interface powered by our APIs. Fiat for crypto investments doesn't get deposited in your bank accounts.
Woah, Blown away by the idea, however the biggest problem now a days is security with most of the platforms, especially after recent hack news at coinbase, How secure are your systems?
@sagar_bhatia22
Hey Sagar
Mudrex provides bank level security on the platform. We are aware of the risks, but we take pro-active measures to ensure complete safety of all the assets and user data on the platform.
@sagar_bhatia22 Adding to the points mentioned by Pranjal - we offer identity verification bundled with this product. And have identity, payment and transaction fraud checks running across the system.
What is the latency on your operations like sending an order to an exchange? Do you also support any exchanges like Binance/FTX or do we have to send funds to Uniswap to trade?
Interested in replacing my current wallet setup to this if multiple exchanges are supported.
@shrey_pandey we support centralized exchanges, the liquidity is provided by Binance right now. You don't need to send funds to Uniswap. We're building support for multiple exchanges on Mudrex wallet as we speak.
About latency on operations - Orders are placed almost real time on exchanges.
This looks really useful for enterprises! Especially with so many new people becoming interested in crypto but not getting familiar resources to invest in, What's the usually integration TAT? How soon can we go live?
@agrimittal Thanks Agrim. Integration timelines will depend on the bandwidth you're able to allocate for this. Usually, we have seen partners complete this within 2-4 weeks.
Looks like crypto revolution is here, by the way What are the regulatory compliances, you are following wrt the KYC process?
@anant_bansal We're KYC and AML compliant. KYC is country specific, there are proof of identity, proof of address and liveness checks required for most of them.
Really love the product idea. CaaS in market is perfectly timed too. Which geographies do you support?
@piyush_kumar14 glad that you liked our product, we would love to extent our API services to you
@piyush_kumar14 thanks Piyush. We're offering this product in all countries except US. We will soon be live in US as well.
