Important Binance Announcement Concerning Ripple (XRP) and Dogecoin (DOGE) Traders

Summary of the Announcement

• Binance has included XRP and DOGE in its Smart Arbitrage program, offering rewards for participation in a special promotion.
• Dogecoin (DOGE) has experienced a 5% daily increase, while Ripple (XRP) remains stable at around $0.55.

New Additions to Smart Arbitrage

On November 8, Binance announced the addition of Ripple (XRP) and Dogecoin (DOGE) to its Smart Arbitrage program, requiring a minimum investment of 12.5 USDT. To celebrate this new offering, Binance is running a promotional campaign with a total reward pool of 45,000 USDT, which will be available from November 8 to November 21.

Binance stated:

“All 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 – 2,500 USDT subscriptions. A total reward pool of 30,000 USDT will be distributed on a first-come, first-served basis.”

Additionally, regular and VIP 1-2 users who invest at least 10,000 USDT in any Smart Arbitrage portfolio for over 72 hours will receive a 45% discount on trading fees. The announcement also noted that rewards for trading fees incurred during this period will total 15,000 USDT, distributed on a first-come, first-served basis.

Users interested in participating must complete KYC procedures and click the “Join Now” button.

Market Impact on XRP and DOGE

The inclusion of XRP and DOGE in a major exchange's trading services often leads to increased liquidity and credibility for these assets. Dogecoin (DOGE) has seen a 5% rise in the last 24 hours, currently trading around $0.20, reflecting the overall bullish sentiment in the cryptocurrency market following Donald Trump's recent election victory.

Conversely, Ripple's XRP has not shown significant movement, trading at approximately $0.55 with minimal volatility over the past day.