Mudrex, originally a crypto exchange supported by US seed accelerator Y-Combinator – has now introduced a way for crypto traders to automate their trade strategies without needing to know how to program bots to do it.

According to Mudrex co-founder Edul Patel, a few of the most notable challenges for crypto traders are the sheer multitude of exchange platforms to choose from, trading manually in a market that does not sleep, and knowing how to set up the infrastructure to trade. Furthermore, crypto platforms are built by programmers using algorithms to execute transactions, therefore looking for a way to automate these processes seemed a natural move.

Patel, along with his four fellow co-founders, thus came up with an idea for traders without coding abilities to still be able to automate their trades. Once a trader decides on the levels to buy or sell at, the Mudrex crypto bot will handle the rest.

“They basically hand over the API (application programming interface) keys to us which allows us to trade on their account on their behalf, according to their rules,” Patel further explained.

Mudrex has already partnered two major exchanges – Bitmex and Binance – and plans to add more. The initial outcome has been encouraging, with approximately 400 active traders and $500,000 worth of trades completed in its beta testing phase from mostly India, Southeast Asia, and the US.

The company’s long-term plan is to become an investment marketplace and extend its service offerings to more than just crypto.