• Okcoin joins forces with Hodlnaut in the United States and Singapore

  • Hodlnaut, a Singapore-based crypto lending platform, will collaborate with Okcoin, a cryptocurrency exchange based in the United States, to increase user adoption and crypto transactions.

    Hodlnaut said in a Wednesday announcement that the partnership would allow its users and those on Okcoin to buy cryptocurrencies and earn rewards for their holdings. According to the lending platform, Singapore-based users already use Okcoin as a fiat on-ramp solution to convert Singapore dollars to Bitcoin (BTC) and Ether (ETH) (ETH).

    “We are developing the next generation of tools to help onboard investors and traders who have been on the fence about crypto,” said Khairi Azmi, general manager of Okcoin Singapore. “We believe that this collaboration will benefit the crypto ecosystem for consumers.”

    According to the announcement, Hodlnaut users will be able to earn $10 in Bitcoin — roughly 0.00022 BTC at the time of publication, based on a price of $44,524 — for registering for the platform and meeting certain Know Your Customer and trading requirements. Okcoin users who sign up for Hodlnaut will also be able to earn a fiat bonus.

    Okcoin, founded in 2013, is one of the world’s oldest cryptocurrency exchanges, with users in over 190 countries. Despite having its headquarters in the United States, Okcoin relocated to Singapore in 2020 and now allows customers to trade Singapore dollars for BTC and ETH.

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