Binance announced it has added XRP to its list of dual investment products and launched a new list of dual investment products. Users can use new products to use Binance’s Sell High or Buy Low products.
As per the official announcement, the new XRP product will be available for trading on the 4th of October 2022, at 10:00 UTC. Moreover, the subscription format will be on a first-come, first-served basis.
Dual investing solutions let consumers buy or sell bitcoins at a future date and price of their choosing without paying any fees. Users who “sell high” aim to profit from their cryptocurrency investments or sell their cryptocurrency at a greater price in the future.
Users who “buy low” wish to receive rewards on stablecoin holdings or want to buy cryptocurrencies at a lower price in the future.
Users must visit Binance’s dual investment website and choose the currency they wish to buy or sell in order to use dual investment products. After that, users must decide whether they wish to sell high or buy low. Then consumers can choose the price they want to pay (“Target Price”), the date they want to buy or sell (“Settlement Date”), and the subscription payment.
Dual Investment may at any time stop taking new memberships, according to the official notification. Additionally, prior to subscription, the APR would alter in real-time according to market swings.
XRP price is up 5.4% in 24 hours and is trading at $0.4702.
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