Binance Rolls Out Massive XRP Rewards for ELigible RLUSD Holders

Binance has launched a new rewards campaign for eligible Ripple USD (RLUSD) holders. The initiative offers participants the chance to earn XRP over four weeks, with a total prize pool of $800,000.

The promotion is not available automatically and requires users to hold RLUSD in eligible Binance products, maintain a minimum daily balance of 0.01 RLUSD, and remain active traders with an average daily trading volume of at least $500 on Margin or Futures.

The campaign's structure was clarified by Binance after initial attention from the XRP community. The exchange will distribute approximately $200,000 in XRP every week throughout the promotion, which runs from July 17 through August 14.