Binance has announced that Ripple (XRP) and Dogecoin (DOGE) will be added to its Smart Arbitrage program, with a special promotion that offers rewards to users who participate. The promotion will run from November 8 to November 21, and users will receive a 10% bonus APR on their first 1-2,500 USDT subscriptions if they hold any Smart Arbitrage portfolio for more than 72 hours during the promotion period.
Additionally, regular and VIP 1-2 users who 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 discount. DOGE’s price has seen a 5% daily increase, while XRP’s price has remained stable around $0.55. The addition of XRP and DOGE to Binance’s Smart Arbitrage program is expected to boost the prices of these assets due to increased liquidity, accessibility, and credibility.
Binance’s Smart Arbitrage program is an automated tool that allows users to earn rewards by leveraging funding rate differences between futures and spot markets. It works by holding opposing positions in both markets – long in one and short in the other – to collect funding fees while minimizing exposure to price volatility.
