Amid crypto crisis, crypto-fixed-deposit-equivalent is on the cards, says Mudrex CEO Edul Patel
As the cryptocurrency market continues to trade below the $ 1-trillion mark, crypto investment firm Mudrex plans to launch the fixed deposit (FD) equivalent of crypto, which aims to generate up to 14 percent fixed returns, this year, Co-founder and Chief Executive Officer Edul Patel said, adding that he expects the market to remain largely unchanged at least for the next six to nine months. The product is in the pilot stage and should be unveiled in the next couple of months. Experts say products like FD have the potential to establish themselves quickly, complement crypto trading, and diversify the overall crypto investment strategy. Take a look
