{"id":19072,"date":"2024-11-08T19:10:24","date_gmt":"2024-11-08T19:10:24","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=19072"},"modified":"2024-11-08T19:10:24","modified_gmt":"2024-11-08T19:10:24","slug":"important-binance-announcement-concerning-ripple-xrp-and-dogecoin-doge-traders-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=19072","title":{"rendered":"Important Binance Announcement Concerning Ripple (XRP) and Dogecoin (DOGE) Traders: Details"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Binance added XRP and DOGE to its Smart Arbitrage program, offering rewards for users who participate in a special promotion.
\nDOGE saw a 5% daily increase, while XRP\u2019s price remained steady at around $0.55.<\/p>\n

<\/a><\/span><\/h2>\n

The Addition of XRP and DOGE<\/h2>\n

Earlier today (November 8), Binance <\/span>added<\/span><\/a> Ripple (XRP) and Dogecoin (DOGE) to its Smart Arbitrage program. The option requires a minimum investment of 12.5 USDT.<\/span><\/p>\n

The exchange introduced a <\/span>special<\/span> campaign with rewards totaling 45,000 USDT to celebrate the new offering. The promotion period is from November 8 to November 21.\u00a0<\/span><\/p>\n

\u201cAll users who opt-in to the promotion and hold any Smart Arbitrage portfolio for more than 72 hours during the Promotion Period will receive a 10% Bonus APR on their first 1 \u2013 2,500 USDT subscriptions. A total reward pool of 30,000 USDT will <\/span>be distributed<\/span> on a first-come, first-served basis,\u201d Binance explained.\u00a0<\/span><\/p>\n

Additionally, regular and VIP 1-2 users who subscribe to any Smart Arbitrage portfolio with <\/span>at least 10,000 USDT for more than 72 hours during the promotion period will enjoy a 45% trading fee discount.\u00a0<\/span><\/p>\n

\u201cRewards will be calculated for the trading fees incurred on Smart Arbitrage during the Promotion Period. A total reward pool of 15,000 USDT will <\/span>be distributed<\/span> on a first-come, first-served basis,\u201d the announcement reads.<\/span><\/p>\n

It is worth mentioning that users willing to participate need to complete the necessary KYC procedures and click the \u201cJoin Now\u201d button.<\/span><\/p>\n

Binance\u2019s Smart Arbitrage program is an automated tool that lets users earn rewards by leveraging funding rate differences between futures and spot markets. It <\/span>works by simultaneously holding<\/span> opposing positions in both markets \u2013 long in one and short in the other \u2013 to collect funding fees while minimizing exposure to price volatility.<\/span><\/p>\n

How Are XRP and DOGE Doing?<\/span><\/h2>\n

Allowing additional trading services on a <\/span>major<\/span> cryptocurrency exchange like Binance often boosts the prices of the involved assets due to increased liquidity, accessibility, and credibility.\u00a0<\/span><\/p>\n

The <\/span>biggest<\/span> meme coin in <\/span>terms of<\/span> market capitalization \u2013 Dogecoin (DOGE) \u2013 is <\/span>well<\/span> in the green today, pumping by 5% in the past 24 hours and currently hovering at around $0.20.<\/span> Its solid performance aligns with the overall bullish environment of the entire cryptocurrency market following Donald Trump\u2019s victory<\/a> in the US presidential elections.<\/span><\/p>\n

<\/a>DOGE Price, Source: CoinGecko<\/p>\n

On the other hand, Ripple\u2019s XRP has failed to catch up with its rivals, charting less substantial gains. It currently trades at approximately $0.55, showing little to no<\/span> volatility on a 24-hour scale.\u00a0<\/span><\/p>\n

The post Important Binance Announcement Concerning Ripple (XRP) and Dogecoin (DOGE) Traders: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Binance added XRP and DOGE to its Smart Arbitrage program, offering rewards for users who participate in a special promotion. DOGE saw a 5% daily increase, while XRP\u2019s price remained steady at around $0.55. The Addition of XRP and DOGE Earlier today (November 8), Binance added Ripple (XRP) and Dogecoin (DOGE) to its Smart […]<\/p>\n","protected":false},"author":0,"featured_media":19073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19072"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19072"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19073"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}