- Binance added XRP and DOGE to its Smart Arbitrage offerings.
- The listing fueled bullish speculations for XRP and DOGE.
- Binance will promote the products with 45,000 USDT in rewards.
Binance, one of the largest cryptocurrency exchanges globally, has introduced XRP to its Smart Arbitrage offerings. XRP joins Dogecoin (DOGE) on the platform as part of a campaign celebrating the listings, featuring rewards totaling 45,000 USDT.
The announcement made on Friday, November 8, has fueled speculations of a potential surge in XRP and DOGE prices. For emphasis, the XRP and DOGE listing is linked to Binance Earn, an investment program on the crypto exchange that lets users earn passive income.
With the addition of XRP and DOGE, Binance Earn now supports five tokens, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Users can start off with a minimum investment of 12.5 USDT to participate in the program.
Meanwhile, it is crucial to note that Binance Earn’s Smart Arbitrage feature uses the funding rate mechanism, hedging prices with opposing spot and futures positions to reduce risks from price movements. This system allows users to neutralize potential losses from fluctuating crypto prices.
Read also: Ripple CEO Sees a Bullish Future for XRP Under Trump Governance
The campaign to promote the Binance listing of XRP and DOGE for Smart Arbitrage begins immediately and will last until November 21. According to Binance, users can earn up to 20.95% APR during the promotion, while it will distribute a reward pool worth 30,000 USDT on a first come, first served basis.
The crypto community expects these developments to positively impact XRP and DOGE prices. XRP has already surged 15% following Trump’s election victory but has since retraced slightly to trade at $0.55099. Similarly, DOGE surged 40% post-election before stabilizing at $0.20056.
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Source: https://coinedition.com/binance-adds-xrp-doge-to-smart-arbitrage-with-45000-usdt-rewards/