Binance, the world’s largest cryptocurrency exchange in terms of trading volume, has released a new announcement. Accordingly, the exchange announced that it will add a new altcoin project to the list of Dual Investment products. Currently, Bitcoin, Ethereum, Solana, Polygon, Cardano and 7 other cryptocurrencies are on the Dual Investment list. Now a new cryptocurrency is included in this list.
Binance shared the good news for this altcoin
The Dual Investment investment product of the Binance exchange offers various advantages to users. These include buying and selling cryptocurrencies at any price and date in the future. By doing this, users continue to earn high interest returns no matter which direction the market takes. Now Binance is adding Ripple (XRP) to this investment product in addition to the altcoin assets it already supports.
This new addition will allow XRP holders to monetize their market insights. In other words, users will be able to buy the altcoin at a low price and sell it high. Thus, they will continue to access potentially high rewards. Users will also enjoy zero transaction fees when the target is reached and the “buy low” or “sell high” item is full. So from now on, it will become much more profitable to buy and sell XRP through Dual Investment.
Binance Ripple continues to expand its support
Dual Investment support is Binance’s latest step towards expanding XRP support. Earlier, the exchange launched the “Learn and Earn” campaign for XRP in August. According to this campaign, users were rewarded with altcoins by participating in online courses and taking exams. Also, Binance DeFi Staking has added “staking” support for Ripple.
According to XRP staking support, users can lock their tokens. When the specified maturity expires, the token is unlocked and they earn additional XRP rewards. Finally, the exchange also announced the addition of XRP as a payment instrument with Binance Card. Through this integration, Ripple has become available to more than 60 million merchants worldwide.
XRP price bounces back
At the time of writing, the price of XRP has gained 6% in the last 24 hours. Accordingly, the altcoin is currently trading at $0.474. The latest rise came after the cryptocurrency slumped to $0.437 on October 3. Some argue that the price of XRP is low compared to other leading tokens from a technical analysis perspective. cryptocoin.com As we have reported, David Gokhshtein, the founder of Gokhshtein Media, is one of them. Gokhstein shared that he is looking for anything “super-undervalued” and is considering investing $1,000 in XRP.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.