Binance has included Shiba Inu (SHIB) along with 21 other assets as collateral options. This has sparked speculation that the exchange might be preparing for listing Shibarium’s BONE token.
Binance, the world’s largest crypto exchange, has revealed its plans to add 22 new assets to its Flexible Loan and VIP Loan service. Among the new collateral assets are popular cryptocurrencies like Shiba Inu (SHIB), Compound (COMP), and Theta Network (THETA). This move has led to speculation that Binance might consider listing Shibarium’s BONE token on its platform, especially with the anticipated launch of the Layer-2 blockchain Shibarium in August.
Binance Includes Shiba Inu as Collateral Asset
Binance has made significant updates to its loan services, adding several new loanable and collateral assets. In the Flexible Loan service, users can now access AUCTION, PYR, ILV, KNC, YGG, GAS, CELO, and IRIS as loanable assets, while SHIB, COMP, IOTA, RLC, HOT, ENJ, THETA, and IOST have been included as collateral assets.
Additionally, Binance has expanded its VIP Loan service with the addition of six new loanable assets: NKN, FARM, DIA, YGG, OGN, and ACA.
Furthermore, Binance has introduced XEM as a new borrowable asset for Cross Margin trading. The new cross-margin pair is XEM/USDT.
These updates aim to provide Binance users with more options for borrowing and trading various assets on the platform.
Binance Readies Listing for Shiba Inu’s Bone ShibaSwap (BONE)?
After the successful launch of the Shibarium testnet, several crypto exchanges, including OKX, Huobi, and Crypto.com, have listed the BONE token. The Shibarium testnet has achieved significant milestones, indicating a high demand for the chain and the BONE token.
Binance, one of the world’s largest crypto exchanges, may be waiting for the Shibarium mainnet launch before listing the BONE token. Such launches are typically a requirement for listing new tokens on the exchange. Lead developer Shytoshi Kusama has previously announced the potential launch of the Shibarium in August.
As of now, the price of Shiba Inu is trading at $0.0000083, with a nearly 2% increase in the past 24 hours. On the other hand, the BONE token has experienced a 1% increase in 24 hours and a remarkable 24% increase over the past week.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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