Binance Announces Shiba Inu As Collateral Asset, Shibarium’s BONE Listing Coming?
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.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.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 ResultsBinance 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.Also Read: Early Terra Luna Classic Developers Seek Return To Revive LUNC & USTC To $1 Varinder Singh Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as "Best Crypto Media Company 2024" for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.