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Binance Adds Shiba Inu as Collateral Asset

By Hallie Gill
Aug 7, 2023
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Binance, a prominent cryptocurrency exchange, has announced its intention to integrate 22 new assets into its flexible lending and VIP lending services on August 4. The disclosure by Binance encompasses a range of newly added collateral assets such as Shiba Inu , Compound, and Theta. The inclusion of these assets has triggered speculation regarding the potential listing of the Bone ShibaSwap (BONE) token on Binance. This coincides with the anticipated launch of the Shibarium second-layer blockchain in August.

Furthermore, Binance has expanded the selection of cryptocurrencies available as loanable collateral for both its Flexible Loan and VIP Loan offerings. The exchange's flexible lending service has been augmented with the introduction of eight new loanable assets, while the VIP loan an service has incorporated six new loanable assets.

In a separate announcement, Binance has initiated support for Nem (XEM) as an additional borrowable asset. The cross-margin leveraged trading platform on Binance now facilitates trading of the XEM/USDT currency pair.

Notbly, The bone token (bone) has alream found its way onTo Several Cryptocurrency Exchanges, Including Okx, Huobi, and Crypto.com, Follow. of the shibarium testnet, known as public. As part of its controlopopment, binance is explororing the possibility of listing the BONE token. This potential listing is contingent upon the impending mainnet launch of Shibarium, fulfilling one of the fundamental criteria for the introduction of new tokens. Shibarium's lead developer, Shytoshi Kusama, has previously hinted at a prospective August launch for the mainnet.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

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