DOGE and XRP were added to Binance Smart Arbitrage during a strong crypto market.
Binance Earn has added XRP XRP $2.07 24h volatility: 1.4% Market cap: $120.90 B Vol. 24h: $1.95 B and Dogecoin DOGE $0.16 24h volatility: 1.1% Market cap: $23.09 B Vol. 24h: $552.82 M to its Smart Arbitrage program. The exchange revealed that the listing comes with a new investment campaign for users who subscribe, offering a reward pool of 45,000 USDT.
The top exchange company stated on its website that users can start the XRP and Dogecoin Smart Arbitrage program with a minimum investment of 12.5 USDT. The promotion will be active from November 8 at 04:00 UTC to November 21, 2024, and it includes two main opportunities for users who choose to invest in smart arbitrage portfolios.
New Investment Opportunities for XRP and DOGE Subscribers
Participating in the promotion and holding any of the Smart Arbitrage portfolios for at least 72 hours makes a user eligible to receive a 10% APR on their first 1 to 2,500 USDT subscription. The exchange has a 30,000 USDT reward pool for participants, given out on a first-come, first-served basis. Binance noted that only the first 1 to 2,500 USDT of any subscription qualifies for the 10% bonus interest.
Daily rewards will be tracked and distributed as a final sum after the campaign ends. Binance explained:
“Users who subscribe more than 2,500 USDT will only receive the 10% Bonus APR on their subscription amount between 1 USDT and 2,500 USDT. A snapshot of the user’s subscription amount will be taken and rewards will be calculated daily. At the end of the Promotion, the daily rewards will be summed up for the final reward.”
For users looking to trade larger amounts, Binance offers a substantial 45% rebate on trading fees for those who subscribe with at least 10,000 USDT in any Smart Arbitrage portfolio. As with Promotion A, subscribers must hold their investments for at least 72 hours to qualify. Binance has allocated 15,000 USDT to this part of the campaign, with fee rebates offered on a first-come, first-served basis. The exchange stated:
“All regular and VIP 1 – 2 users who opt-in to the Promotion and subscribe to any Smart Arbitrage portfolio with at least 10,000 USDT for more than 72 hours during the Promotion Period will enjoy a 45% trading fee rebate.”
How Binance’s Smart Arbitrage Could Impact XRP and DOGE Demand
DOGE and XRP were added to Binance Smart Arbitrage during a strong crypto market. Over the last week, XRP rose but dropped 2% in the past 24 hours, while DOGE gained over 27% and added another 3% recently.
Adding these two coins to Binance Smart Arbitrage could help increase their demand and usage. It could also increase the trading volumes for these tokens, especially during the promotion period, which, in the long run, may cause their price to soar.
Users can participate in the promotion by navigating to the “Earn” section on the Binance website or app, where they can select Smart Arbitrage under the “High Yield” category. Once they choose their preferred portfolio, they can subscribe and take advantage of the campaign’s rewards. Binance adds XRP and DOGE to Smart Arbitrage, offering 45,000 USDT rewards, 10% APR, and 45% fee rebates.
Binance adds XRP and DOGE to its Smart Arbitrage program, with a 45,000 USDT reward pool for subscribers. Participants can earn a 10% APR on investments between 1 to 2,500 USDT. The promotion runs from November 8 to November 21, 2024.
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