Company Information

Get to know Midas App

Midas Investments was a platform founded in 2018 that provided retail investors with access to automated crypto-investment strategies. Its primary service involved users depositing cryptocurrencies like Bitcoin, Ethereum, and various stablecoins, which Midas would then deploy into DeFi protocols and other investment vehicles to generate yields. The company's mission was to simplify passive income generation from digital assets. However, following significant financial losses incurred from the collapses of Celsius and FTX in 2022, the company announced the closure of its platform on December 27, 2022, and initiated a plan to restructure and compensate its users.

Industry

Crypto BrokerPRIMARY
Financial Other Service

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Midas App

Mexico

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.