How Midas Kripto Unlocks Predictable 4%+ APR for 500,000 Turkish Crypto Users

At a glance

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: Europe

Industry: Exchanges

Products used: Prime+

Midas Kripto and OpenTrade

Midas partnered with OpenTrade to power their Midas Kripto USDT Staking product, enabling users to earn predictable rewards on their USDT balances backed by OpenTrade’s Prime+ Vault.

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.

Problem

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.

Stablecoins such as USDT have effectively become the modern-day “safe place under the pillow” for many Turks looking to protect their savings from ongoing Lira volatility.

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

Solution

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.

Key benefits & features

• 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 unstaking

Results

By using OpenTrade's Prime+ Vault, 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.