US and Singapore companies collaborating: Okcoin partners with Hodlnaut

US and Singapore companies collaborating: Okcoin partners with Hodlnaut

Singapore-based crypto lending platform Hodlnaut will partner with United States crypto exchange Okcoin in an effort to drive adoption and crypto transactions among users.

In a Wednesday announcement, Hodlnaut said the partnership would allow its users and those on Okcoin to purchase cryptocurrencies and earn rewards on their holdings. The lending platform said Singapore-based users already use Okcoin as a fiat on-ramp solution to go from the Singapore dollar to Bitcoin (BTC) and Ether (ETH).

Our top trading bots

“We are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto,” said Okcoin's Singapore general manager, Khairi Azmi. “We believe that this partnership will contribute positively to the crypto ecosystem for consumers.”

According to the announcement, Hodlnaut users will have the opportunity to earn $10 in Bitcoin — roughly 0.00022 BTC at the time of publication, based on a price of $44,524 — for signing up for the platform and fulfilling certain Know Your Customer and trading requirements. Okcoin users signing up for Hodlnaut will also be able to earn a bonus in fiat.

Related: Okcoin secures regulatory approval in Malta and the Netherlands

Founded in 2013, Okcoin is one of the world’s oldest crypto exchanges and has expanded to serve users in more than 190 countries. Though its headquarters are in the United States, Okcoin moved into Singapore in 2020 and allows customers to trade Singapore dollar pairings for BTC and ETH.

Continue reading with Cointelegraph
BlockFi board of directors replaces 'Crypto Dad' after four months
Former Commodity Futures Trading Commission chair Christopher Giancarlo, also known as “Crypto Dad,” will be leaving crypto lending firm BlockFi’s board...
Microsoft wants to use Ethereum blockchain to fight piracy
Windows operating system and Office productivity suite have always been top performers on any software piracy platforms. So, it’s no wonder that Microsoft,...
El Salvador reportedly weighing paying employees in Bitcoin
Rolando Castro, the Minister of Labor and Social Welfare in El Salvador has said that the government is discussing whether companies in the country should...
Pension provider partners with Coinbase to offer 5% exposure to crypto
United States-based retirement plan provider, ForUsAll, is joining forces with Coinbase to allow clients to invest up to 5% of their portfolio assets in...
Search giant Google lifts 2018 ban on crypto exchange, wallet advertisements
In a surprise move on Wednesday, online advertising behemoth Google lifted a nearly three-year-old policy banning cryptocurrency exchanges from using its...
Veteran trader Peter Brandt sees Bitcoin crashing further after May’s 50% drop
Bitcoin (BTC) faces the prospects of falling further even after its price made a strong recovery after crashing from $65,000 to $30,000 in May 2021.So,...
Buyer of Jack Dorsey's 'genesis tweet NFT' reportedly detained in Iran
Iranian Cyber Police have reportedly arrested Bridge Oracle CEO Sina Estavi, according to a tweet pinned to Estavi’s Twitter account.A rough translation...
Experts debate Bitcoin climate footprint in latest Cointelegraph Crypto Duel
In the latest Cointelegraph Crypto Duel, founder of Digiconomist Alex de Vries and CEO and founder of Blockchain for Climate Joseph Pallant debated the...
Bad omen? US dollar and Bitcoin are both slumping in a rare trend
The price of Bitcoin (BTC) was struggling to stay above $56,000 on April 20, which whale clusters pinpointed as a crucial short-term price level.Yet, the...
A nightmare on Stable Street: Centralized stablecoins may be doomed
Over the last couple of years, we have seen a lot of interest from central banks and governments in the stablecoin market. The reason behind it lies in...
UAE minister of economy: Crypto & tokenization “key” to doubling GDP
At a panel for the World Economic Forum’s Global Technology Governance Summit today, United Arab Emirates minister of economy Abdulla Bin Touq Al Marri...
Unpopular opinion? The problem with blockchain gaming is blockchain
The use of blockchain in crypto-based games could be a hinderance to the adoption as well as an exciting unique selling point. Now, before you start taking...
Blockchain Engineers Make As Much As AI Specialists
Engineers working in the blockchain domain are as demanded as those who work on artificial intelligence. Such a conclusion can be made from the statistics...
IBM: New Service For Building Up Blockchain On Top To Emerge Soon
The American global tech company IBM has been known for being supportive towards various blockchain projects. This time, IBM revealed another public ledger...
Bitcoin Grows Amid News That Elon Musk’s Rival Piles Millions Into BTC
The person, who around 17 years ago took Elon Musk’s position of the CEO at PayPal within the leadership feud, has now hit the headlines regarding cryptocurrency...