Binance, has taken a significant step by approving Shiba Inu (SHIB) as an accepted collateral asset. This decision was unveiled along with the inclusion of 22 additional cryptocurrencies in its Flexible Loan and VIP Loan services on August 4th.
Among the highlighted collateral assets are Shiba Inu (SHIB) with a trading value of around $0.000009, Compound (COMP) valued at $56.48, and Theta (THETA) at $0.76. Notably, this move has prompted speculation regarding the potential listing of Bone ShibaSwap (BONE) tokens on Binance. The timing coincides with the imminent launch of Shibarium, a layer-2 blockchain anticipated to go live this August.
This expansion includes eight loanable assets on the Flexible Loan platform and an additional six on the VIP Loan service. Moreover, Binance Adds Nem (XEM) for Borrowing in XEM/USDT Pair on Cross-Margin Platform.
Shaping the Future for Shiba Inu: BONE’s Potential Journey through Binance
The recent emergence of BONE on various exchanges like OKX, Huobi, and Crypto.com has closely followed the Shibarium testnet PuppyNet launch. The possibility of listing the BONE token on Binance depends on Shibarium’s mainnet launch. This aligns with Binance’s usual process for adding new tokens. The lead developer of the project, Shytoshi Kusama, has hinted at the likelihood of Shibarium’s launch occurring this August.
Binance’s strategic decision shows their dedication to growing their services. It also highlights how cryptocurrencies like Shiba Inu are becoming more important in the changing financial world. As the cryptocurrency market continues to evolve, Binance’s decisions have the potential to influence trends and shape the adoption of various tokens.
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