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US and Singapore firms collaborating: Okcoin companions with Hodlnaut

09/15/2021

“We’re constructing the subsequent technology of instruments to assist onboard the traders and merchants who’ve been on the fence about crypto,” mentioned Khairi Azmi.

Singapore-based crypto lending platform Hodlnaut will accomplice with United States crypto trade Okcoin in an effort to drive adoption and crypto transactions amongst customers.

In a Wednesday announcement, Hodlnaut mentioned the partnership would permit its customers and people on Okcoin to buy cryptocurrencies and earn rewards on their holdings. The lending platform mentioned Singapore-based customers already use Okcoin as a fiat on-ramp resolution to go from the Singapore greenback to Bitcoin (BTC) and Ether (ETH).

“We’re constructing the subsequent technology of instruments to assist onboard the traders and merchants who’ve been on the fence about crypto,” mentioned Okcoin’s Singapore normal supervisor, Khairi Azmi. “We consider that this partnership will contribute positively to the crypto ecosystem for customers.”

In response to the announcement, Hodlnaut customers can have the chance to earn $10 in Bitcoin — roughly 0.00022 BTC on the time of publication, based mostly on a worth of $44,524 — for signing up for the platform and fulfilling sure Know Your Buyer and buying and selling necessities. Okcoin customers signing up for Hodlnaut may also be capable to earn a bonus in fiat.

Associated: Okcoin secures regulatory approval in Malta and the Netherlands

Based in 2013, Okcoin is among the world’s oldest crypto exchanges and has expanded to serve customers in additional than 190 nations. Although its headquarters are in the US, Okcoin moved into Singapore in 2020 and permits prospects to commerce Singapore greenback pairings for BTC and ETH.