Company
Midas Kripto is one of the most popular dedicated cryptocurrency trading platforms in Turkey. The platform offers retail and sophisticated users low commissions for all crypto trades and integrated staking functionality enabling users to earn daily returns. The platform also features real-time price analysis tools, crypto news and exchange insights.
Headquarters
EUR
Industry
Exchanges
Products used
USDT Money Market Fund Vault
Midas partnered with OpenTrade to power their Midas Kripto USDT Staking product, enabling users to earn predictable rewards on their USDT balances backed by Fidelity’s Institutional US Money Market Funds.
The integration allows any Midas user to seamlessly earn predictable, dollar-denominated rewards on their USDT holdings without leaving the Midas app or off-ramping into fiat.
Turkey presents a uniquely challenging environment for digital asset platforms. With persistently high inflation and rapid depreciation of the Turkish Lira, millions of users turn to crypto exchanges not just for trading but as a primary means of protecting their savings.
As if we talk about stablecoins, especially USDT, have effectively become the modern-day “safe place under the pillow” for many Turks looking to protect their savings from ongoing Lira volatility.
That said, Midas Kripto had already established itself as one of Turkey’s most trusted and user-friendly crypto platforms with low-fee trading and stellar integrated staking options to meet the needs of millions of users who wanted a safe, simple way to enter the crypto market.
However, despite its strong product foundation, Midas identified a major gap in the Turkish industry:
Users increasingly wanted stable, dollar-based returns so the salaries sitting idle in their bank accounts could actually grow
Traditional crypto staking felt too volatile and unpredictable with rewards tied to token prices that could swing at any moment
DeFi yield strategies were too complicated and hard to trust for everyday users especially in a high-inflation environment where people can’t afford that level of risk
Regulatory expectations for transparency and asset-backing were rising, making opaque yield strategies increasingly risky for exchanges
“At Midas Kripto, our mission is to empower millions of Turkish investors with seamless access to global financial opportunities, breaking down barriers in a market often challenged by inflation and currency volatility. By partnering with OpenTrade, we’re thrilled to introduce USDT staking that delivers stable, high rewards backed by trusted real-world assets, all within our user-friendly app. This collaboration greatly enhances our crypto offerings but also ensures our users can grow their holdings effortlessly without the hassles of FX conversions or market risks. This partnership solidifies Midas Kripto as the go-to platform for affordable, innovative investing in Turkey and beyond.”
Balam Bingül
Vice President & General Manager of Midas Kripto
Midas Kripto needed an institutional-grade solution that would allow them to:
Offer predictable, risk-adjusted dollar rewards on USDT balances
Maintain full transparency into how yield is generated
Integrate a compliant yield product directly into their existing app
Offer users daily rewards with high liquidity without locking their funds for fixed terms
Minimize operational and regulatory complexity while scaling rapidly.
Stable, predictable returns on USDT balances backed by a suite of high-quality liquid assets
Interest accrues instantly and compounds daily, enabling Midas Kripto to offer daily USDT rewards
Freedom to move in and out of OpenTrade stablecoin staking products at will, with no transaction fees, terms or minimums, enabling Midas Kripto to power instant unstakin
By using OpenTrade’s industry-first USDT RWA-backed yield-as-a-service product, Midas Kripto can offer their users the ability to earn high risk-adjusted, dollar-denominated rewards on their stablecoin balances that are not correlated to crypto markets and do not require them to off-ramp into fiat.
This allows Midas Kripto users that are looking for a way to put their USDT to work and earn high risk-adjusted returns a way to do so without having to off-ramp or onboard to yet another new platform. Moreover, for Midas Kripto users that trade professionally, the USDT Staking Rewards provide them with a way to realize all of the benefits of investing in RWAs, while retaining the ability to easily move in and out of crypto investments.
