Mudrex is a Y Combinator-backed app that made its name with Coin Sets, baskets of coins that rebalance automatically. In 2026 it added INR-margined futures. INR deposits and withdrawals are free, but moving crypto out is expensive.
Good for hands-off investors who like diversified baskets and SIPs and plan to stay in INR. Avoid it if you want to withdraw coins to your own wallet regularly, the 2% withdrawal fee is steep.
| Best for | Hands-off investors who want diversified baskets |
|---|---|
| Founded / HQ | 2018 · Bengaluru (Y Combinator W19) |
| FIU-IND registered | Yes, registered with FIU-IND; ISO 27001 and SOC 2 Type 2; no FIU penalty found |
| INR deposits | UPI, IMPS/NEFT, deposits and withdrawals free |
| Spot trading fee | 0.45% down to 0.12% on spot by 30-day volume + 18% GST; crypto withdrawal 2% (min $0.5); Coin Set rebalancing 0.25 to 1% |
| Futures | Yes, INR-margined futures (since March 2026) and USDT futures, 0.02% maker / 0.05% taker |
| SIP / recurring | Yes, crypto SIP and Coin Sets |
| Coins listed | 650+ (company claim) |
| 1% TDS deducted | Yes, automatically |
| Security record | No hack found. ISO 27001 and SOC 2 Type 2 certified. |
| Official website | mudrex.com |
Mudrex lists more than 650 assets you can buy in rupees. Its standout feature is Coin Sets: themed baskets (large caps, DeFi, AI and so on) that rebalance automatically, so you get diversification without managing each coin. It also offers crypto SIPs, INR-margined futures launched in March 2026 alongside USDT futures, and even commodity futures on gold, silver and crude.
Mudrex publishes its fees openly. Spot trading costs 0.45% at the lowest tier, falling to 0.12% with higher 30-day volume, plus 18% GST. Futures are 0.02% maker and 0.05% taker. INR deposits and withdrawals are free. The expensive part is crypto withdrawals: 2% of the amount (minimum $0.5), on ₹1 lakh of Bitcoin that is about ₹2,000. Coin Sets also charge 0.25 to 1% on rebalances and 1% for early redemption.
Mudrex is registered with FIU-IND and holds ISO 27001 and SOC 2 Type 2 security certifications. We found no reported hack. It says it has more than 30 lakh users and ₹500 crore+ in assets.
Investors who want a diversified basket bought and rebalanced for them, and who plan to stay in rupees. If you want to move coins to a personal wallet, the withdrawal fee makes CoinDCX or ZebPay a better fit.
Mudrex is registered with FIU-IND, follows Indian KYC rules and holds ISO 27001 and SOC 2 Type 2 certifications. As with any exchange, don't keep more there than you need.
Baskets of cryptocurrencies grouped by theme that rebalance automatically. Rebalancing costs 0.25 to 1%, and redeeming early costs 1%.
2% of the amount withdrawn, with a minimum of $0.5. INR deposits and withdrawals are free.
Yes. INR-margined futures launched in March 2026, alongside USDT-margined futures.
