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Midas Reaches $1 Billion Valuation After $80 Million Funding Round

Midas, Turkey’s first zero-commission crypto trading platform, secures an $80 million investment led by QED Investors, propelling its valuation to $1 billion.

Summary

Midas, Turkey’s first zero-commission cryptocurrency trading platform, raised $80 million in its latest funding round, boosting its valuation to $1 billion. The investment, led by QED Investors, marks the largest fintech funding round in Turkey and brings Midas’s total financing to $140 million.

Terms & Concepts
  • Zero-commission trading: A trading model where investors can buy and sell assets without paying transaction fees to the platform.
  • Crypto trading platform: An online service that allows users to buy, sell, and exchange cryptocurrencies like Bitcoin and Ethereum.
  • Valuation: The financial market value of a company, often determined during funding rounds or investments.