Binance Lists XRP and Dogecoin (DOGE) to Smart Arbitrage Earn, Rewards Total 45,000 USDT

The world's largest crypto exchange Binance on Friday said it has added XRP and Dogecoin (DOGE) to smart arbitrage offerings.

Binance, the world’s largest cryptocurrency exchange, has added XRP and Dogecoin (DOGE) to its Smart Arbitrage offerings, the exchange announced on Friday.

Binance Earn’s addition of XRP and DOGE sparked massive speculation for an imminent price rally. The exchange has also announced a special campaign with rewards totaling 45,000 USDT to celebrate the listings.

Binance Lists XRP and Dogecoin to Smart Arbitrage

XRP and Dogecoin (DOGE) were added to the Smart Arbitrage offerings by Binance Earn, according to an official announcement by Binance on November 8. Notably, users can start XRP and Dogecoin with a minimum investment of 12.5 USDT. Until now, it only supported Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

Smart Arbitrage leverages the funding rate mechanism by hedging their futures position with a spot position to collect the funding fee. The strategy hedges out price movement risks by taking opposite positions in the futures and spot markets. Thus, profit on a long position will offset loss on a short position (or vice versa).

In addition, Binance has announced a special campaign with rewards totaling 45,000 USDT to celebrate XRP and Dogecoin (DOGE) listings. The promotion period is valid until 23:59 UTC on November 21.

The top crypto exchange claims users can earn up to 20.95% APR in the promotion period. Also, a total reward pool of 30,000 USDT will be distributed on a first-come, first-served basis.

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