According to an official release, Mudrex, a global crypto investment platform, announced that they will be offering support for over 200 tokens and introducing free and seamless crypto transfers from Binance. This is expected to come after the Financial Intelligence Unit’s show-cause notice to Binance and eight other crypto exchanges for non-compliance with anti-money laundering standards in India.
This move is expected to empower crypto users on these international exchanges, ensuring their security and the safety of their digital assets. It is believed that Mudrex users can now transfer their crypto assets from Binance without incurring any gas fees, as per insights from the official release.
“We plan to provide our users with seamless and secure experience possible. And on top of being planning to make it easy to use, we’ve also planned that our security measures are ironclad,” Alankar Saxena, CTO , co-founder, explained.
Sources revealed that Mudrex has enabled two-factor and biometric authentication measures. Additionally, they are also expected to include compliance checks on every transaction to ensure safety of the funds. To tie this all together, Mudrex will also use AES-256 encryption, as per insights from the release.
