Binance Adds XRP and DOGE to Smart Arbitrage Program with 45,000 USDT Rewards

Binance Earn has introduced XRP and Dogecoin to its Smart Arbitrage program, accompanied by a new investment campaign featuring a reward pool of 45,000 USDT. Users can participate with a minimum investment of 12.5 USDT. The promotion is active from November 8 at 04:00 UTC to November 21, 2024, offering two main investment opportunities.

New Investment Opportunities for XRP and DOGE Subscribers

Participants who hold any Smart Arbitrage portfolios for at least 72 hours are eligible for a 10% APR on their first 1 to 2,500 USDT subscription. A total of 30,000 USDT will be distributed on a first-come, first-served basis. Only the first 1 to 2,500 USDT of any subscription qualifies for the 10% bonus interest.

Daily rewards will be tracked and calculated, summed up after the campaign ends. Binance clarified that subscriptions over 2,500 USDT will still receive the 10% Bonus APR only on the amount between 1 and 2,500 USDT.

For larger investments, Binance offers a 45% rebate on trading fees for subscriptions of at least 10,000 USDT in any Smart Arbitrage portfolio, also requiring a minimum holding period of 72 hours. This segment has a budget of 15,000 USDT, allocated on a first-come, first-served basis.

Impact of Binance's Smart Arbitrage on XRP and DOGE Demand

The inclusion of DOGE and XRP in Binance Smart Arbitrage comes during a favorable crypto market period. Recently, XRP experienced a slight drop of 2%, while DOGE gained over 27% and an additional 3% in the past days.

This addition could enhance demand and usage for both tokens, potentially increasing their trading volumes, especially during the promotional period, which may lead to price increases over time.

Users can access the promotion through the “Earn” section on the Binance website or app, selecting Smart Arbitrage under “High Yield.” They can then subscribe to their chosen portfolio to benefit from the campaign’s rewards. The promotion runs from November 8 to November 21, 2024.