Binance has expanded its Smart Arbitrage platform to include XRP and Dogecoin, a move that has sent positive signals to these cryptocurrencies and triggered noticeable market rallies.
Binance Earn users now have access to new investment opportunities thanks to this listing. To commemorate the launch, Binance has initiated a campaign offering rewards worth 45,000 USDT.
Binance's Smart Arbitrage feature balances futures market positions with those in the spot market, effectively managing risks and maximizing profit potential. By joining the Smart Arbitrage portfolio, users can invest in XRP and DOGE for as little as 12.5 USDT.
The Binance campaign runs until November 21st. Participants can earn an annual yield of up to 20.95% and share a 30,000 USDT reward pool on a first-come, first-served basis. By holding the Smart Arbitrage portfolio for 72 hours, participants can secure a 10% bonus APR on initial investments up to 2,500 USDT. VIP 1 and VIP 2 users can also receive a 45% trading fee rebate by maintaining a portfolio value of at least 10,000 USDT for 72 hours.
Following Binance's announcement, interest in XRP and Dogecoin surged. XRP's recent gains are attributed to positive speculation surrounding an ETF launch, while Dogecoin has benefited from the ongoing projects of Elon Musk. XRP has increased by 9% in the past week, reaching $0.55, while Dogecoin has jumped to $0.19, reflecting a 3% rise in the last 24 hours and a 25% increase over the past week.
Binance's innovations and campaigns are transforming market dynamics, creating strong rally potential for XRP and Dogecoin, and providing diverse investment opportunities for users to effectively manage portfolio risks and grow their holdings.