Good News from Binance for Ripple (XRP) and Dogecoin (DOGE) Users!

Binance, the world's largest cryptocurrency exchange, began its day with exciting altcoin announcements. Binance has brought great news to users of XRP and Dogecoin (DOGE).

Binance Earn has announced the inclusion of XRP and Dogecoin (DOGE) to its smart arbitrage offerings.

“Dear Binancians,
Binance Earn is pleased to announce the addition of XRP and DOGE to Smart Arbitrage. The minimum investment is set at 12.5 USDT.
To celebrate the addition of XRP and DOGE to smart arbitrage offerings, we are running a special campaign with a total reward of 45,000 USDT.
Promotion Period: 08.11.2024 at 04:00 (UTC) – 21.11.2024 at 23:59 (UTC)

Smart Arbitrage utilizes the funding rate mechanism by hedging futures positions with a spot position to collect funding fees. The strategy eliminates price movement risks by taking opposing positions in the futures and spot markets. Therefore, profits from a long position offset losses from a short position and vice versa.
Binance has stated that users can initiate the smart arbitrage strategy for XRP and Dogecoin with a minimum investment of 12.5 USDT.

Initially, Binance Smart Arbitrage only supported Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Regarding the 45,000 USDT reward campaign, Binance announced, “According to Binance, all users who participate in the Promotion and hold any Smart Arbitrage portfolio for more than 72 hours during the Promotion Period will receive 10% Bonus APR on their first 1 – 2,500 USDT subscriptions. The total reward pool of 30,000 USDT will be distributed on a first-come, first-served basis.”

The market and investors are already optimistic about XRP and DOGE following Donald Trump's victory, and Binance Earn's inclusion of XRP and DOGE in Smart Arbitrage has fueled speculation of an impending price surge.

XRP, which has increased by 7% in the last week, is currently trading at $ 0.547; DOGE, which has increased by 28.2%, is currently trading at $ 0.199.
*This is not financial advice.