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CDS Crypto News Binance Adds Shiba Inu (SHIB) as Collateral Asset, Hints at Shibarium’s BONE Listing?

Crypto News Airdrop & Listing

Binance Adds Shiba Inu (SHIB) as Collateral Asset, Hints at Shibarium’s BONE Listing?

Binance adds Shiba Inu (SHIB) among 21 other collateral assets, is the exchange preparing for listing Shibarium's BONE?

sevval04/08/20231 Mins read593

Binance, the world’s largest crypto exchange, has announced the addition of 22 new loanable assets and collateral assets to its Flexible Loan and VIP Loan services. Among the new collateral assets are popular cryptocurrencies like Shiba Inu (SHIB), Compound (COMP), and Theta Network (THETA). These changes have sparked speculation about the potential listing of BONE tokens on Binance, especially with the anticipated launch of the Layer-2 blockchain Shibarium in August.

Binance Adds Shiba Inu (SHIB) as Collateral Asset, Hints at Shibarium’s BONE Listing?

The Flexible Loan service now includes 8 new loanable assets: AUCTION, PYR, ILV, KNC, YGG, GAS, CELO, and IRIS. Additionally, 8 new collateral assets have been added, including SHIB, COMP, IOTA, RLC, HOT, ENJ, THETA, and IOST.

For the VIP Loan service, Binance has introduced 6 new loanable assets: NKN, FARM, DIA, YGG, OGN, and ACA.

In a separate announcement, Binance has listed XEM as a new borrowable asset on Cross Margin, with the new cross-margin pair being XEM/USDT.

Multiple crypto exchanges, including OKX, Huobi, and Crypto.com, have already listed BONE following the launch of the Shibarium testnet PuppyNet, which has reached significant milestones, indicating strong demand for the chain and BONE.

Binance is likely waiting for the Shibarium mainnet launch to list the BONE token, as it is a requirement for listing new tokens. The lead developer, Shytoshi Kusama, had previously announced the potential launch of Shibarium in August.

As of now, Shiba Inu’s price is trading at $0.0000083, up nearly 2% in the past 24 hours, while BONE is trading up by 1% in the last 24 hours and 24% over the past week.