Criptan and OpenTrade Forge Strategic Alliance to Revolutionize Digital Asset Earnings
Criptan, a prominent Spanish fintech platform known for its expertise in digital assets, has entered a strategic collaboration with OpenTrade to enhance its Earn product suite, as reported by Finbold on July 1. This partnership aims to offer users an innovative way to earn passive income on their USDC and EURC holdings by utilizing institutional-grade yield products with simplified access and no extra costs.
Unlocking Passive Income Opportunities
The alliance harnesses OpenTrade’s USD Money Market USDC Yield and E.U. Gov Bond EURC Yield offerings to deliver consistent and reliable returns for Criptan’s expanding community. Importantly, this collaboration does not necessitate additional onboarding steps or impose any extra fees on users, ensuring a seamless experience.
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Impressive Growth Trajectory
Criptan has emerged as a trusted name within the European digital asset sphere, boasting over 85,000 corporate and individual users who engage with digital assets and stablecoin accounts via the platform’s intuitive interface. Since its inception, Criptan’s Earn feature has distributed more than half a million euros in user earnings and now manages assets exceeding $75 million.
By integrating OpenTrade’s yield solutions, Criptan addresses significant gaps in Spain’s financial landscape, offering returns that outshine traditional banking options, where euro savings rates typically max out at 2.17% and USD yield-bearing accounts for retail users are scarce.
Unlike other crypto-centric platforms that might offer up to 6% APY on specific stablecoins with variable rates and lock-up terms, the Criptan-OpenTrade partnership delivers more stable returns without imposing restrictions on funds.
Securing Institutional-Grade Returns
This collaboration establishes Criptan as a unique player in the Spanish market, combining accessibility, flexibility, and stability. Users can access institutional-grade yields while enjoying the platform’s hallmark simplicity and security.
Furthermore, the partnership reduces operational expenses and back-office costs for Criptan, enhancing the overall user experience through the seamless integration of yield-generating functionalities.
Bridging Traditional and On-Chain Finance
“Through this partnership, Criptan is bridging the gap between traditional and on-chain finance, providing a solution that neither can achieve independently. Business and retail users can now enjoy unrestricted access to dependable, institutional-grade yields without lock-ups or additional fees,” commented Jeff Handler, co-founder and CCO of OpenTrade.
Jorge Soriano, CEO and co-founder of Criptan, added: “Our mission at Criptan has always been to democratize access to the benefits of digital finance in a secure and transparent manner. Partnering with OpenTrade allows us to make significant progress, bringing institutional-grade investment opportunities to everyday users while maintaining the simplicity and trust that define our platform. We believe this alliance strengthens our value proposition and reinforces our commitment to shaping the future of finance in Europe.”
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