Binance’s announcement on August 4, 2023, disclosed the addition of several new collateral assets, including Shiba Inu (SHIB), Compound (COMP), and Theta (THETA). Concurrently, the exchange introduced 22 new cryptocurrencies as loanable assets for its Flexible Loan and VIP Loan services.
Binance Accepts Shiba Inu as Collateral Asset and Expands Loan Services
The exchange has expanded its Flexible Loan service with eight new loanable assets, while its VIP Loan service now includes six additional loanable assets. Additionally, Nem (XEM) has been introduced as a new borrowable asset with the XEM/USDT pair now supported on the cross-margin trading platform.
Speculation Around Bone ShibaSwap Listing
The acceptance of Shiba Inu as a collateral asset has fueled speculation about the potential listing of Bone ShibaSwap (BONE) tokens on Binance. This coincides with the anticipated launch of the layer-2 blockchain, Shibarium, expected to occur in August.
BONE tokens have already been listed on various other cryptocurrency exchanges, including OKX, Huobi, and Crypto.com, following the launch of the Shibarium testnet PuppyNet.
Pozitive Shibarium effect on listings
Binance’s potential listing of BONE tokens is contingent upon the successful launch of the Shibarium mainnet. Shytoshi Kusama, the lead developer of the project, had previously suggested that the Shibarium launch could happen in August, which fulfills one of the prerequisites for new token listings on the exchange.
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