Discover the Exciting Opportunity: Invest in U.S. Bitcoin ETFs with Indian Crypto Platform Mudrex

India’s crypto investment platform Mudrex is taking a big leap forward by offering U.S. spot-bitcoin ETFs to its institutional and retail investors. The firm is collaborating with some of the biggest names in the industry, including BlackRock, Fidelity, Franklin Templeton, and Vanguard. This move is unprecedented in India’s regulatory environment, as it is one of the first platforms to offer this service to institutions.

“This is much more valuable to institutions, as this was already available to retailers,” said Mudrex CEO and co-founder Edul Patel. “We are certainly the first Indian crypto platform to offer this service.” This development will allow institutional and retail clients in India to easily access spot-bitcoin ETFs, something that was previously only available through U.S. stock investing companies.

Mudrex, which is backed by Y-Combinator and headquartered in California, has a subsidiary registered with India’s Intelligence Unit. It also has a presence in the European Union, with licenses in Lithuania and Italy. Patel confirmed that the actual transactions will be processed through broker partners in the U.S., while the Indian subsidiary will facilitate the spot-bitcoin ETF service.

What makes this move even more significant is the divided landscape of India’s crypto regulations. On one hand, the central bank, Reserve Bank of India (RBI), has been opposed to crypto for quite some time now. Just recently, it stated that India cannot afford to follow the U.S.’s lead on crypto ETFs due to the potential risks involved. On the other hand, the government’s Finance Ministry has registered over two dozen crypto service providers and imposed heavy taxes on the sector. Although both sides have the same goal of protecting the Indian economy and investors, their approaches to regulation can differ.

According to Patel, the spot bitcoin ETFs are considered securities, which fall under the Liberalised Remittance Scheme (LRS). This allows Indians to purchase securities overseas, giving them access to the lucrative world of crypto ETFs. Mudrex will facilitate investments in spot bitcoin ETFs on their platform, with a minimum investment of $5,000 and a maximum of $250,000, in line with the RBI’s LRS limit of $250,000 per year.

“The LRS is the tricky part for most people and over there (in the U.S.), because we also have strong banking relationships, we’re able to help users do these transactions in a very seamless way, and that’s why these services are important,” Patel explained. With over 350 institutions working with the company, Patel expects significant volumes and an average ticket size of $110,000.

With this strategic move, Mudrex is providing Indian investors with a unique opportunity to diversify their portfolios with spot-bitcoin ETFs, in line with global trends. The company’s aim is to bridge the gap between traditional financial markets and the crypto industry, and this move is a significant step in that direction.

In conclusion, India’s crypto platform Mudrex has made a bold move by offering spot-bitcoin ETFs to its local institutional and retail investors. This will not only provide Indians with access to a new and exciting asset class, but it will also bridge the gap between traditional finance and the crypto world. With the backing of some of the biggest names in the industry, Mudrex is set to revolutionize the investment landscape in India.