Good news for Dogecoin users! DOGE users can earn up to 10% Annual Percentage Yield (APY) on Binance

Binance cryptocurrency exchange has announced rewards program for Dogecoin users. Binance, one of the world’s largest crypto exchanges, has launched a series of locked stake activities through which users can earn up to 10% APY by depositing Dogecoin. The Annual Percentage Yield (APY) is the return on a deposited cryptocurrency over a specified period of time.

Binance informed about the development while making an announcement on the platform. Apart from this, Binance has also announced new incentives for new users signing up to Binance Savings. Users can still earn double APY profits with Dogecoin even if users do not switch to the exchange’s savings products until the rewards program is over. In May, Binance released the Dogecoin Proof of Asset wallet that supports DOGE-BSC supplies. Binance released this wallet after a huge demand from the community.

According to Dogecoin-related Twitter account Mishaboar, stock brokerage app Robinhood has carried out a large amount of Dogecoin transactions. According to the report Robinhood has transferred 4.57 trillion Dodgecoins which are worth around $321 million. In this regard, the DogeWhaleAlert report says that Robinhood has transferred a large amount of its holdings of Dogecoin to a new cold wallet.

The latest data from WhaleStats says that Dogecoin has once again become the most used smart contract by the top 1000 BSC whales in the last 24 hours. There has been a big increase in the price of Dodgecoin today. Dodgecoin price has registered a gain of 10.39% in the last 24 hours.

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