Will Binance Add Shiba Inu as Collateral Asset? Is BONE Listing Coming Soon?

Binance, one of the leading cryptocurrency exchanges, has made a significant move in the crypto-financial landscape. The platform has incorporated Shiba Inu (SHIB) and other digital assets as collateral options. This groundbreaking decision not only showcases the continuous evolution of the crypto industry but also sparks a wave of interest in the Shiba Inu ecosystem.

Expanding Offerings
In its commitment to providing diverse financial options, Binance has announced a substantial expansion of its loan offerings. The exchange has added 22 new digital assets to its Flexible Loan and VIP Loan services. Some of the newly included collateral assets are esteemed names like Shiba Inu (SHIB), Compound (COMP), and Theta Network (THETA).

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

Not stopping at the Flexible Loan service, Binance is also expanding its VIP Loan service by adding six remarkable assets: NKN, FARM, DIA, YGG, OGN, and ACA. This move underscores the exchange’s dedication to offering diverse financial options to its users.

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

Bone Token
The anticipated launch of the Shibarium mainnet 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 been listed on various cryptocurrency exchanges like OKX and Crypto.com.

Nem (XEM)
In addition to the expansion of loanable and collateral assets, Binance has 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 continuous efforts to enhance its offerings and adapt to the ever-changing cryptocurrency market.

Binance’s commitment to innovation and expansion strengthens its position as a leading player in the crypto space. The exchange provides users with a wide range of financial options, keeping the excitement alive in the world of cryptocurrencies. With its incorporation of Shiba Inu and other digital assets, Binance continues to set itself apart in the industry and attract more users to its platform.