Mudrex, a crypto investment platform, has announced the official launch of Mudrex Prime, an Over-the-Counter (OTC) services division catering to institutional and high-net-worth individuals.
According to an official release, Mudrex Prime offers asset coverage including USDT, USDC, BTC, ETH, among others, ensuring liquidity with fulfilment of large orders at OTC rates. Currently, Mudrex Prime is believed to support currencies such as INR, GBP, EUR, AED, SGD, CHF, among others, allowing users to trade premier assets at zero transaction fees and execute orders.
From what it’s understood, the OTC services provided by Mudrex Prime are compliant with regulatory standards. Reportedly, the platform is registered with the Financial Intelligence Unit (FIU) in India and holds a Virtual Asset Service Provider licence in the European Union. Seemingly, the platform prioritises KYC(B)/AML checks to guarantee the legitimacy and security of all transactions. It’s believed that Mudrex Prime offers OTC solutions with tax filing assistance, along with a multi-time zone support.
“We are looking forward to introducing Mudrex’s OTC services, a step towards fulfilling the needs of institutional and family businesses in the crypto space. We aim to empower our users, whether they are institutions or individuals, with the flexibility to trade across a range of crypto assets. The launch of OTC services aims to be a testament to our commitment to serve all types of clients,” Edul Patel, co-founder and CEO, Mudrex, said.
