Binance Introduces Shiba Inu as Collateral Asset: BONE Listing Soon?

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Binance, one of the leading cryptocurrency exchanges, has made waves in the crypto-financial landscape by incorporating Shiba Inu (SHIB) and other digital assets as collateral options on its platform.

This groundbreaking move not only showcases the ongoing evolution of the crypto industry but also ignites a wave of interest in the Shiba Inu ecosystem.

Expanding Offerings

Binance has announced a significant expansion of its loan offerings by adding 22 new digital assets to its Flexible Loan and VIP Loan services. Among the newly included collateral assets are renowned names like Shiba Inu (SHIB), Compound (COMP), and Theta Network (THETA).

The Flexible Loan service is receiving eight new loanable assets, such as AUCTION, PYR, ILV, KNC, YGG, GAS, CELO, and IRIS, and eight new collateral assets, including the already mentioned SHIB, COMP, and others like IOTA, RLC, HOT, ENJ, THETA, and IOST.

Not stopping at the Flexible Loan service, Binance is also adding six remarkable assets such as NKN, FARM, DIA, YGG, OGN, and ACA to its VIP Loan service. This move underscores the crypto exchange’s commitment to providing diverse financial options to its users.

Read More: Binance Hits 150 Million Users on Low Fees and Crypto Variety!

Shiba Inu’s Rise in the Spotlight

Shiba Inu’s addition as a collateral asset has sparked widespread speculation about the potential listing of BONE tokens on Binance. The excitement revolves around the anticipated launch of the Layer-2 blockchain, Shibarium, scheduled for later this month.

Related: Is Shiba Inu’s Skyrocketing Pump Short-Lived? Here’s What To Expect From SHIB Price Next

Bone Token

The upcoming Shibarium mainnet launch appears to be a critical factor in the potential listing of BONE tokens on Binance. As a significant part of the Shiba Inu ecosystem, BONE has already made its way to various cryptocurrency exchanges like OKX and Crypto.com.

Nem (XEM)

In addition to the substantial expansion of loanable and collateral assets, Binance has also introduced Nem (XEM) as a newly available borrowable asset. The exchange now supports the XEM/USDT pair on its cross-margin trading platform. This move highlights Binance’s ongoing efforts to enhance its offerings and adapt to the ever-changing cryptocurrency market.

Binance’s commitment to innovation and expansion reinforces its position as a leading player in the crypto space, providing its users with a plethora of financial options and keeping the excitement alive in the world of cryptocurrencies.