US and Singapore companies collaborating: Okcoin partners with Hodlnaut

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Singapore-based crypto lending platform Hodlnaut will companion with United States crypto change 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 are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto,” mentioned Okcoin’s Singapore common supervisor, Khairi Azmi. “We believe that this partnership will contribute positively to the crypto ecosystem for consumers.”

According to the announcement, Hodlnaut customers could have the chance to earn $10 in Bitcoin — roughly 0.00022 BTC on the time of publication, primarily based on a value of $44,524 — for signing up for the platform and fulfilling sure Know Your Customer and buying and selling necessities. Okcoin customers signing up for Hodlnaut may even be capable of earn a bonus in fiat.

Related: Okcoin secures regulatory approval in Malta and the Netherlands

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