Important Binance Announcement Regarding Ripple (XRP) and Dogecoin (DOGE) Traders: Details

TL; DR

Binance has added XRP and DOGE to its Smart Arbitrage program, which rewards users who participate in a special promotion. DOGE has seen a daily increase of 5%, while the price of XRP remains at around $0.55.

The rise of XRP and DOGE

Earlier today (November 8), Binance Added Ripple (XRP) and Dogecoin (DOGE) to the Smart Arbitrage program. The option requires a minimum investment of 12.5 USDT.

The exchange a Special Campaign with a total of 45,000 USDT rewards to celebrate the new giveaway. The advertisement period is from November 8 to November 21.

“All users who opt-in to the promotion and hold any Smart Arbitrage portfolio for more than 72 hours will get 10% bonus APR on their first 1 – 2,500 USDT subscriptions. There will be a total prize pool of 30,000 USDT.” It will spread. First come, first served,” Binance explained.

In addition, regular and VIP 1-2 users registered for any smart arbitrage portfolio ADuring the promotion period, you will get a 45% trade fee discount of at least 10,000 USDT over 72 hours.

“Rewards will be calculated for trading fees on Smart Arbitrage during the promotion period. There will be a total prize pool of 15,000 USDT.” It will spread. On a first-come, first-served basis,” the ad reads.

It is worth mentioning that users who are willing to participate must complete the necessary KYC procedures and click on the “Join Now” button.

Binance's Smart Arbitrage program is an automated tool that allows users to leverage the difference in funding rates between the futures and spot markets to earn rewards. He It works by holding at once Opposite positions in both markets – long and short in the other – reduce exposure to price volatility to collect cash payments.

How are XRP and DOGE doing?

Additional business services in a Main Cryptocurrency exchanges like Binance increase the value of the underlying assets due to increased liquidity, accessibility and trust.

of The biggest meme coin into terms Market capitalization – Dogecoin (DOGE) – is all right In the green today, shedding 5% in the last 24 hours and currently hovering around $0.20. The strong performance following Donald Trump's victory in the United States presidential election is in line with the general trend of the entire cryptocurrency market.

On the other hand, Ripple's XRP failed to catch up with its rivals, showing less significant gains. It currently trades around $0.55, which shows little to no Flexibility on a 24-hour scale.