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The Singapore-based cryptocurrency interest account platform Hodlnaut will be teaming up with the San Francisco-based cryptocurrency exchange company of Okcoin. The partnership will aim to drive adoption and cryptocurrency transactions among its users.
Hodlnaut x Okcoin
This was made known on Wednesday as Hodlnaut issued a press release about such a move. The firm noted that the partnership would enable its users including the ones on Okcoin to buy cryptocurrencies while at the same time earn rewards on their holdings. They even revealed that users in Singapore have been using Okcoin as a fiat on-ramp solution to go from the Singapore dollar to bitcoin (BTC) and Ethereum (ETH). Hodlnaut went on to state that this allows Singapore users to generate yield on their crypto assets in their local currency.
Additionally, Hodlnaut Co-Founder and CEO Juntao expressed his excitement to be collaborating with Okcoin as part of their commitment to offer their users the best possible experience and to drive strategic collaborations within the realm of cryptocurrencies. Moreover, the CEO believes that such a team-up would benefit users since they would be able to trade and earn a greater yield on their crypto assets.
Beginning today
With that in mind, beginning today – September 15, Hodlnaut users will be able to earn $10 in bitcoin whenever they create an account, deposit, and trade with Okcoin. To avail of this, one should have completed a know you customer (KYC) level 3 verification, not to mention deposit and trade a minimum of $500 with the freshly created Okcoin account.
Also, Okcoin users can earn a $20 sign-up bonus provided that they deposit a minimum of $1,000 worth of cryptocurrencies in a single transaction within one week of their very first deposit. Further, it was explained that the dividend will be paid out in the same asset class as the qualifying deposit.
Knowing Hodlnaut and Okcoin
As mentioned earlier, Hodlnaut was formed in Singapore and was founded by Simon Lee and Juntao Zhu. It is said that the platform provides innovative financial services for individual investors who can interest their cryptocurrencies by lending them to vetted institutions. This service is a certified fintech by Singapore’s Fintech Association which is an accreditation recognized by the Monetary Authority of Singapore.
As for Okcoin, it’s a global, regulated fiat to crypto trading platform. Both institutional and individual users came to Okcoin to purchase, sell, and manage their crypto assets with ease. Their users can use Okcoin Earn#, where they can earn up to 25 percent APY in rewards for their crypto assets.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
