Hodlnaut aims to allow users from both customer base to purchase cryptocurrency easily and earn high interest return with the Okcoin partnership
Local cryptocurrency platform Hodlnaut has partnered with US-based exchange Okcoin to provide trading options and interest returns on cryptocurrencies for their users.
Through the strategic partnership, Hodlnaut aims to provide Okcoin users with interest-earning options on the six cryptocurrencies supported by the platform – BTC, ETH, WBTC, USDT, USDC, DAI – with up to 12.7%, while Hodlnaut users can trade SGD for cryptocurrency with Okcoin’s fiat on-ramp of BTC/SGD and ETH/SGD pairs.
“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.
From 15 September onwards, Hodlnaut users can earn $10 in BTC when they create an account, deposit, and trade with Okcoin. To be eligible for the promotion, users need to have their Know Your Customer (KYC) Level 3 identity verification approved, and they have to deposit and trade a minimum of $500 with their new Okcoin account.
Okcoin users can earn a $20 sign-up bonus if they deposit a minimum of USD1,000 worth of crypto in a single transaction within 1 week of their first deposit. The bonus will be paid out in the same cryptocurrency, and a qualifying deposit plus KYC is mandatory to qualify for the bonus.
Founded in 2013, Okcoin offers fiat trading with cryptocurrencies with offices in San Francisco, Miami, Malta, Hong Kong, Singapore and Japan. The exchange employs the latest security protocols for their users such as bank-level SSL security encryption, cold storage for their cryptocurrency, and real-time account monitoring of deposits and withdrawals for the twenty nine supported cryptocurrencies.
“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 Zhu Juntao, CEO and Co-Founder of Hodlnaut.
Other than the partnership, Hodlnaut has also been looking to position itself as the go-to interest-earning cryptocurrency platform by announcing their tiered interest rates, and launching their Hodlnaut app in addition to releasing the token swap feature for iOS users.