Binance Adds SHIB to Collateral Assets List, Eyes Potential Bone ShibaSwap Listing
Binance has added 22 new collateral assets to its loan services, including Shiba Inu, with growing speculation over the potential listing of Bone ShibaSwap, contingent upon the Shibarium mainnet launch.
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Cryptocurrency exchange Binance has expanded its offerings by adding 22 new assets for loans and collateral, including the meme-based cryptocurrency Shiba Inu, the company announced on August 4.
The additions to the Flexible Loan and VIP Loan services mark the latest move by Binance to diversify its financial products. Eight new assets have been included in the Flexible Loan service, while six have been added to the VIP Loan service.
Shiba Inu’s inclusion in the collateral list comes alongside other assets like Compound and Theta. At the same time, Binance announced the introduction of Nem (XEM) as a borrowable asset, with the XEM/USDT pair now supported on the cross-margin trading platform.
The development also fueled speculation about the potential listing of Bone ShibaSwap (BONE) tokens on Binance, coinciding with the expected launch of the Shibarium blockchain later this month.
We are gearing up to launch Shibarium! Read about it in our blog: Bone: The Passport to Shibarium https://t.co/OGpAU8c1Yx
— Shytoshi Kusama™ (@ShytoshiKusama) July 31, 2023
The Bone ShibaSwap token has already been listed on several cryptocurrency exchanges, including OKX, Huobi, and Crypto.com. However, Binance’s consideration of the token depends on the upcoming Shibarium mainnet launch.