Singapore-Based Crypto Lending Platform Hodlnaut Partners with Leading Crypto Exchange Okcoin
Singapore, September 15, 2021 - Hodlnaut, a promising crypto lending and interest-earning platform based in Singapore, is thrilled to announce its first-ever partnership with leading U.S. crypto exchange, Okcoin.
The strategic collaboration positions Hodlnaut as the first CeFi platform to partner with the American crypto exchange, and aims to allow users from both platforms to easily purchase cryptocurrencies and earn attractive returns on their assets. Okcoin is also Hodlnaut’s preferred fiat on-ramp solution especially for BTC/SGD and ETH/SGD pairs*, as this would allow Singapore users to generate yield on the two largest crypto assets in their local currency.
“We are excited to be teaming up with Okcoin as part of our commitment to offer users the best possible experience and to drive strategic collaborations within the crypto space. I believe this partnership will benefit users as they would now be able to trade and earn greater yield on their crypto assets,” said Juntao, CEO and Co-Founder of Hodlnaut.
Okcoin is known to be the fastest-growing U.S. fiat-to-crypto exchange that is globally licensed with offices in San Francisco, Malta, Singapore and Japan. The platform enables investors to buy and trade 29 of their supported crypto assets.
“We are extremely excited to collaborate with Hodlnaut. Our collaboration is aligned with our mission to make crypto investing and trading easily accessible to anyone around the world. We are building the next generation of tools to help onboard the 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, General Manager of Okcoin Singapore
Starting from 15 September, Hodlnaut users will be able to earn US$10 in BTC when they create an account, deposit and trade with Okcoin. To be eligible for this promotion, please take note of the following key requirements:
- KYC Level 3 identity verification must be completed
- Deposit and trade a minimum of US$500 with the newly created Okcoin account
Meanwhile, Okcoin users can earn a US$20 sign-up bonus if they deposit a minimum of US$1,000 worth of crypto in a single transaction within 1 week of their first deposit. Bonus will be paid out in the same asset class as the qualifying deposit and KYC is mandatory to be eligible for the bonus.
Hodlnaut is a Singapore-based platform that provides innovative financial services for individual investors who can earn interest on their cryptocurrencies by lending them to vetted institutions. Founded by Bitcoin maximalists Juntao Zhu and Simon Lee in April 2019, Hodlnaut has grown tremendously over the years. The platform now offers up to 7.25% APY on six supported crypto assets: BTC, WBTC, ETH, DAI, USDC, and USDT.
Hodlnaut is a certified Fintech by the Singapore Fintech Association, an accreditation recognized by the MAS (Monetary Authority of Singapore). The company aims to become the first regulated entity in Singapore within the crypto lending and borrowing space and is undergoing license application under the Payment Services Act 2019 (by the MAS).
For more information please visit www.hodlnaut.com.
Okcoin is a US-based, global, regulated fiat to crypto trading platform. Institutional and individual users come to Okcoin to buy, sell, store, and manage their crypto assets with ease. Users also love Okcoin Earn#, where they can earn up to 25% APY in rewards for their crypto assets.
For more information please visit www.okcoin.com.
*SGD pairs are only available to customers of Okcoin Pte. Ltd.
#Only available outside of Singapore and Brunei, please refer to Okcoin’s website for program conditions.