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Home Cryptocurrency

Binance Adds XRP and Dogecoin to Arbitrage Portfolio: Prices on the Rise

Emma Veress by Emma Veress
8 November 2024
in Cryptocurrency, News
Reading Time: 2 mins read
0
Binance is addition of XRP and Dogecoin to its Smart Arbitrage portfolio. The image includes prominent visuals of Binance XRP

Binance’s addition of XRP and Dogecoin to its Smart Arbitrage offerings has sparked a rally in these top cryptos, signaling a positive move for both assets. The new listing introduces fresh opportunities for investors and has ignited enthusiasm among Binance Earn users, driving notable activity across the market. To celebrate, Binance has launched a special campaign offering a total of $45,000 in USDT rewards.

Qubetics is 728x90 1 3

Table of Contents

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  • New Arbitrage Opportunities for XRP and Dogecoin Investors
  • XRP and Dogecoin Rally with Binance Listing

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New Arbitrage Opportunities for XRP and Dogecoin Investors

According to Binance, investors can now participate in XRP and DOGE investments with a low entry amount of just 12.5 USDT. Previously, the Smart Arbitrage portfolio only included major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This new feature balances futures market positions with spot market trades using funding rates, enabling risk reduction and maximizing profit potential. For instance, gains in futures markets can offset losses in spot markets, providing investors with a more controlled approach to handling market fluctuations.

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The campaign celebrating this new listing runs through November 21, offering participants up to 20.95% APR on their XRP and DOGE investments. Additionally, users can claim a share of a 30,000 USDT reward pool, distributed on a first-come, first-served basis. Those who hold their Smart Arbitrage portfolio for 72 hours can earn a 10% bonus APR on their initial investments up to 2,500 USDT. VIP 1 and VIP 2 members with a minimum investment of 10,000 USDT for the 72-hour duration are also eligible for a 45% rebate on trading fees.chart 4 1

XRP and Dogecoin Rally with Binance Listing

Following Binance’s announcement, market expectations have risen for both XRP and Dogecoin. Positive speculation around a potential XRP ETF launch, along with Elon Musk‘s involvement in new projects, has increased investor focus on these tokens. XRP has climbed 9% over the past week, reaching $0.55, with projections suggesting it could see a 30x increase in the future. Dogecoin, up 3% in the last 24 hours and 25% over the week, is currently trading at $0.19. Market forecasts that DOGE could reach $10 in this bull cycle are drawing heightened investor interest.

Through these Smart Arbitrage features, Binance aims to create new investment opportunities while enabling users to diversify and manage risk more effectively, ultimately supporting a strong rally potential for both XRP and Dogecoin.

Tags: BinancedogecoinSmart ArbitrageusdtXRP
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Emma Veress

Emma Veress

Finance Writer Hello there! My name is Emma, and I'm a daily breaking news journalist covering finance, economics, and crypto on a global scale. I graduated from Eötvös Loránd University with a degree in Communication and Media Studies MA, where I gained a passion for storytelling and analysis. As a journalist, I'm dedicated to providing my readers with accurate and timely news on financial and economic events happening around the world. I believe that by delivering high-quality journalism, I can help people make informed decisions about their finances and investments.

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