Singapore-based crypto lending platform Hodlnaut partners with crypto exchange Okcoin

September 16, 2021

Hodlnaut, a crypto lending and interest-earning platform based in Singapore, partners with leading U.S. crypto exchange, Okcoin. The new partnership is set to significantly improve users’ investment options and earning potential, according to a statement.

The strategic collaboration positions Hodlnaut as the first CeFi platform to partner with the American crypto exchange and will allow users from both platforms to easily purchase cryptocurrencies and earn attractive returns on their assets. Okcoin is Hodlnaut’s preferred fiat on-ramp solution, especially for BTC/SGD and ETH/SGD pairs*. It allows Singapore users to generate yield on the two largest crypto assets in their local currency.

“I believe this partnership will benefit users as they would now be able to trade and earn a greater yield on their crypto assets,” said Juntao, CEO and Co-Founder of Hodlnaut.

Okcoin is the fastest-growing globally licensed U.S. fiat-to-crypto exchange with offices in San Francisco, MaltaS, Singapore, and Japan. The platform enables investors to buy and trade 29 of their supported crypto assets.

“We are building the next generation of tools to help onboard investors and traders who have been on the fence about crypto. We believe that this partnership will contribute positively to the crypto ecosystem for consumers not only in Singapore but also to the 190+ countries Okcoin serves,” said Khairi Azmi, General Manager of Okcoin Singapore.

Starting from 15 September, Hodlnaut users will be able to earn $10 in BTC when they create an account, deposit and trade with Okcoin. To be eligible for this promotion, investors should take note of the following requirements:

  • KYC Level 3 identity verification must be completed
  • Deposit and trade a minimum of $500 with the newly created Okcoin account

Okcoin users can also earn a $20 sign-up bonus if they deposit a minimum of USD1,000 worth of crypto in a single transaction within one week of their first deposit. The dividend will be paid out in the same asset class as the qualifying deposit, and KYC is mandatory to be eligible for the bonus.

Image Copyright: PxHere

Share
Leave a Reply

Your email address will not be published. Required fields are marked *