India, May 15 -- According to crypto investment firm Mudrex, its active users ballooned by 200% from 2023 to the end of 2024, growing from 1 million users to now more than 3 million."Mudrex has around $25 million in assets under management and 20x growth in monthly trading volumes.

This explosive growth has taken place amid regulatory uncertainty and the continued growth of retail crypto, particularly in India. In an interview with Dataquest, Alankar Saxena, Mudrex's Founder, CPO & CTO discussed the rationale for the growth, the importance of AI and education for building investor trust, and the realities of disparate crypto regulations globally.

Excerpts from an interview:

Over the past year, we've experienced significant growth. Our ...