In an announcement on Wednesday, Hodlnaut said the partnership will enable its users and those on Okcoin to buy cryptocurrency and earn rewards from their assets. According to the lending platform, Singapore-based users have used Okcoin as a fiat-to-fiat solution to switch from Singapore dollars to bitcoin (BTC) and ether (ETH).
“We are building the next generation of tools to help investors and traders who are on the fence about crypto,” said Khairi Azmi, general manager of Okcoin Singapore. “We believe this partnership will make a positive contribution to the crypto ecosystem for consumers.”
According to the announcement, Hodlnaut users will have the option to earn $ 10 in Bitcoin – roughly 0.00022 BTC at the time of publication, based on the price of $ 44,524 – for logging into the platform and fulfilling certain know-how requirements Transactions. Okcoin users who sign up for Hodlnaut can also earn fiat bonuses.
Related: Okcoin receives regulatory approval in Malta and the Netherlands
Established in 2013, Okcoin is one of the oldest cryptocurrency exchanges in the world and has expanded to serve users in over 190 countries. Despite being headquartered in the US, Okcoin moved to Singapore in 2020, allowing clients to trade Singapore dollar pairs against BTC and ETH.