Binance Introduces XRP to Its Smart Arbitrage Offerings, Rewards Total 45,000 USDT

Binance, one of the largest cryptocurrency exchanges globally, has introduced XRP to its Smart Arbitrage offerings. XRP joins Dogecoin (DOGE) on the platform

Binance, a leading cryptocurrency exchange, has recently added XRP to its Smart Arbitrage offerings. This move is being celebrated with a campaign that includes rewards totaling 45,000 USDT.

The announcement was made on Friday, November 8, and it has sparked speculation of a potential surge in XRP and DOGE prices. To clarify, the XRP and DOGE listing is connected to Binance Earn, an investment program on the crypto exchange that allows users to earn passive income.

With the addition of XRP and DOGE, Binance Earn now supports five tokens in total, which include Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Users can begin participating in the program with a minimum investment of 12.5 USDT.

It is important to note that Binance Earn’s Smart Arbitrage feature utilizes the funding rate mechanism, hedging prices with opposing spot and futures positions to reduce risks from price movements. This system enables users to neutralize potential losses that may arise from fluctuating crypto prices.

The campaign to promote the Binance listing of XRP and DOGE for Smart Arbitage will begin immediately and continue until November 21. During this period, Binance will allocate an additional 30,000 USDT in rewards to users on a first-come, first-served basis. Users can earn up to 20.95% APR during the promotion.

These developments are being closely monitored by the crypto community, with expectations that they will positively impact XRP and DOGE prices. Following Trump’s election victory, XRP has surged by 15%, though it has since retraced slightly to trade at $0.55099. After the election, DOGE also surged by 40% before stabilizing at $0.20056.

This article is intended to provide information and does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Before taking any action related to the company, readers are advised to exercise caution.