Major Binance Update for Ripple (XRP) Investors: Details

The world’s largest cryptocurrency exchange continues to update its product line, introducing new ways to keep users on the platform as investor interest has shifted elsewhere.

In the latest move, the CZ-founded company outlined the significant APR provided to certain holders and traders of Ripple’s stablecoin.

Recall that Binance first listed RLUSD at the start of the year, which included a popular zero-trading-fee promotion for a certain period. Naturally, some of the trading pairs available in January were against XRP.

Although the stablecoin was initially available only on Ethereum, it added support for Ripple’s XRP Ledger less than a month later.

The updates continued in the following months, including Binance adding the stablecoin to its Earn program, allowing holders to earn some rewards.

The latest post from the exchange provided more details on what investors can actually earn. It reads that the APR has remained variable in the past week, but it was an impressive figure of 22.25%.

Binance explained that users holding and trading the stablecoin can continue to earn weekly XRP rewards, and the asset has been added on the exchange’s Margin/Earn program.

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