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The world’s largest crypto exchange Binance on Friday mentioned it’s including 22 new loanable belongings and new collateral belongings to its Flexible Loan and VIP Loan service. The crypto change publicizes prime crypto together with Shiba Inu (SHIB), Compound (COMP), and Theta Network (THETA) as new collateral belongings. Shiba Inu modifications spark potential BONE token itemizing on Binance amid the anticipated launch of the Layer-2 blockchain Shibarium in August.

Binance Adds Shiba Inu as Collateral Asset

Crypto change Binance introduces 22 cryptocurrencies as loanable belongings and collateral belongings on Flexible Loan and VIP Loan, based on an official announcement on August 4.

Binance provides 8 new loanable belongings and eight new collateral belongings to the Flexible Loan service. Loanable belongings are AUCTION, PYR, ILV, KNC, YGG, GAS, CELO, and IRIS, whereas SHIB, COMP, IOTA, RLC, HOT, ENJ, THETA, and IOST are collateral belongings.

In addition, Binance provides 6 new loanable belongings comparable to NKN, FARM, DIA, YGG, OGN, and ACA to the VIP Loan service.

In a separate release, added XEM as a brand new borrowable asset on Cross Margin. The new cross-margin pair is XEM/USDT.

Also Read: Coinbase ($COIN) Posts Better-Than-Expected Q2 Results

Binance Preparing to List Shiba Inu’s Bone ShibaSwap (BONE)?

Multiple crypto exchanges comparable to OKX, Huobi, and Crypto.com listed BONE after the Shibarium testnet PuppyNet launch. Shibarium testnet has reached new milestones, indicating demand for the chain and BONE.

Binance is doubtlessly awaiting the Shibarium mainnet launch to listing BONE token because it is without doubt one of the necessities for itemizing new tokens. Lead developer Shytoshi Kusama earlier announced the potential launch of the Shibarium in August.

Shiba Inu price presently trades at $0.0000083, up almost 2% prior to now 24 hours. Meanwhile, BONE is buying and selling at 1% in 24 hrs and 24% in per week.

Also Read: Early Terra Luna Classic Developers Seek Return To Revive LUNC & USTC To $1

Varinder has 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a know-how fanatic and analytical thinker, he has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the enormous potential of those modern future applied sciences. He is presently protecting all the most recent updates and developments within the crypto trade.

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