Binance Announces Shiba Inu As Collateral Asset, Shibarium’s BONE Listing Coming?

The world’s largest crypto exchange Binance on Friday said it is adding 22 new loanable assets and new collateral assets to its Flexible Loan and VIP Loan service. The crypto exchange announces top crypto including Shiba Inu (SHIB), Compound (COMP), and Theta Network (THETA) as new collateral assets. Shiba Inu changes spark potential BONE token listing on Binance amid the anticipated launch of the Layer-2 blockchain Shibarium in August.

Binance Adds Shiba Inu as Collateral Asset

Crypto exchange Binance introduces 22 cryptocurrencies as loanable assets and collateral assets on Flexible Loan and VIP Loan, according to an official announcement on August 4.

advertisement

Binance adds 8 new loanable assets and 8 new collateral assets to the Flexible Loan service. Loanable assets are AUCTION, PYR, ILV, KNC, YGG, GAS, CELO, and IRIS, while SHIB, COMP, IOTA, RLC, HOT, ENJ, THETA, and IOST are collateral assets.

In addition, Binance adds 6 new loanable assets such as NKN, FARM, DIA, YGG, OGN, and ACA to the VIP Loan service.

In a separate release, added XEM as a new borrowable asset on Cross Margin. The new cross-margin pair is XEM/USDT.

Also Read: Coinbase ($COIN) Posts Better-Than-Expected Q2 Results

Binance Preparing to List Shiba Inu’s Bone ShibaSwap (BONE)?

Multiple crypto exchanges such as OKX, Huobi, and Crypto.com listed BONE after the Shibarium testnet PuppyNet launch. Shibarium testnet has reached new milestones, indicating demand for the chain and BONE.

Binance is potentially awaiting the Shibarium mainnet launch to list BONE token as it is one of the requirements for listing new tokens. Lead developer Shytoshi Kusama earlier announced the potential launch of the Shibarium in August.

Shiba Inu price currently trades at $0.0000083, up nearly 2% in the past 24 hours. Meanwhile, BONE is trading at 1% in 24 hrs and 24% in a week.