Crypto Lending Platform Hodlnaut Partners With Okcoin
- Okcoin is Hodlnaut’s preferred fiat on-ramp solution for BTC/SGD and ETH/SGD pairs.
- The partnership will provide both platforms’ users with more investment options and earning potential.
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Hodlnaut, a Singapore-based crypto lending and interest-earning platform, announced that it has entered into a partnership with Okcoin. According to a press release published on 14 September, the new partnership will significantly improve users’ investment options and earning potential.
“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 a greater yield on their crypto assets,” said Juntao, CEO and Co-Founder of Hodlnaut.
The partnership will allow users from both platforms to easily purchase cryptocurrencies and earn attractive returns on their assets. Okcoin is Hodlnaut’s preferred fiat on-ramp solution, especially for BTC/SGD and ETH/SGD pairs.
Starting from 15 September, Hodlnaut users will be able to earn $10 in BTC when they create an account, deposit, and trade with Okcoin. The exchange’s users can also earn a $20 sign-up bonus if they deposit a minimum of $1,000 worth of crypto in a single transaction within one week of their first deposit. The dividend will be paid out in the same asset class as the qualifying deposit and users will be required to complete the platform’s KYC.
- An investigation from the New York Attorney General’s office has allegedly found that Gemini was aware of Genesis’ weak financial position, but still lied to investors.
- The lawsuit is looking to ban DCG, Genesis, and Gemini from the New York financial industry, seek restitutions for investments, and the return of “ill-gotten gains”.
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- Bankrupt crypto lender Genesis is trying to recover around $500 million from DCG, and another 4,550.5 BTC from DCGI, which it had loaned to the two companies in 2022.
- Both DCG and DCGI requested that the debts were converted to open loans on 9 May, but Genesis declined both offers and demanded the repayment of the loans with interest.
- Genesis reached an “agreement in principle” with DCG and its creditors back in February, which would have seen creditors recover roughly 80% of their funds.
- A group of creditors has now moved away from that agreement, forcing Genesis to request a court appointed bankruptcy mediator.