Overview

OpenTrade has successfully secured $7 million from notable investors including Notion Capital and Mercury Fund, raising its total funding to $11 million.

Key Highlights

• This funding will enable OpenTrade to enhance its stablecoin yield services in high-inflation regions like Latin America and Europe.
• Users now have the opportunity to earn returns of up to 9% on holdings in USD and EUR, significantly outperforming traditional bank offerings.

Company Initiative

OpenTrade operates a “yield-as-a-service” platform tailored for fintech applications, exchanges, and neobanks. Clients such as Criptan in Spain and Littio in Colombia leverage OpenTrade’s system to provide their users with competitive interest rates on stablecoin deposits.

In countries like Argentina and Colombia, where banking accounts in dollars are uncommon and yield is minimal, OpenTrade’s innovative approach allows users to achieve substantial returns via mobile applications.

with the latest funding, OpenTrade aims to scale its operations and refine its technology ecosystem.

“OpenTrade is cultivating essential financial infrastructure for the evolving fintech landscape,” stated Samantha Lewis from Mercury Fund.

Itxaso del Palacio from Notion Capital remarked that the thriving $240 billion stablecoin market underscores the necessity of OpenTrade’s foundational capabilities.