OKX’s On-chain Earn debuts in Singapore

Crypto exchange OKX is bringing its latest yield product, On-chain Earn, to Singapore. It is offering Accredited Investors in the city-state a streamlined way to stake and earn on their digital assets through a regulated platform.

This comes amid Singapore’s sudden crackdown on unlicensed crypto exchanges. It has forced firms serving overseas clients to shut down or relocate. However, the digital assets market went on to touch new highs lately, flashing signs of the bull run to continue after a minor halt.

Accredited Investors have been looking to grow the value of their digital assets but found no time to track charts, manage multiple wallets, or hunt for opportunities across blockchains. With On-chain Earn, users can manage their entire staking portfolio directly on OKX SG.

The service bundles are leading staking opportunities for major tokens. This includes Ethereum (ETH), Solana (SOL), Cardano (ADA), Polkadot (DOT), SUI, and more. It aims to cut out the need for multiple wallets or complex technical steps. Many crypto users were not able to capitalise on the recent Ether run to over $4,700. This new feature would assist Accredited Investors to not missing out on the next one.

Based on Cryptoplitan’s Ethereum analysis, ETH has surged by around 60% over the last 90 days. Meanwhile, the fresh slump has allowed the retail and institutional sectors to add more. ETH’s self-acclaimed competitor, Solana, is also searching for a ground to hold on before it takes off.

OKX SG pushes low-fee APY

OKX says its offering comes with among the lowest service fees in the industry, all built into its competitive APY structure. Unlike some providers that charge as much as 35% in fees or impose hidden tiers. It added that the platform operates without artificial caps and allows staking with minimums as low as 0.001 ETH.

The onboarding process is simple, as investors can verify their status via Singpass and complete a quick risk assessment before getting started. OKX highlighted that security sits at the core of the new feature. On-chain Earn runs on its institutional-grade infrastructure, which is backed by ISO/IEC 27001:2022 and CSA STAR Level 1 certifications. As a licensed exchange, OKX SG says its services comply fully with Singapore’s regulatory requirements.

Singapore’s crypto crackdown seems to have made it difficult for the hodlers to invest in the industry, as reported by Cryptopolitan earlier. OKX SG will be celebrating its first anniversary as a licensed exchange with the launch. Over the past year, the exchange has expanded SGD payment rails for faster deposits and withdrawals. The platform has grown its token offering to over 90 assets relevant to local investors. It even introduced features such as recurring buy and trading bots, and streamlined identity verification via Singpass.

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