HomeNewsLoanable Asset Expansion: Binance Adds IOTA, SHIB, ENJ and More to the...

Loanable Asset Expansion: Binance Adds IOTA, SHIB, ENJ and More to the List

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  • Binance has expanded its Flexible and VIP Loan services by introducing 22 new loanable and collateral assets, including notable cryptos such as Shiba Inu (SHIB), Compound (COMP), and Theta Network (THETA).
  • This move by Binance coincides with potential plans to list Shibarium’s BONE token, following significant milestones reached by Shibarium’s testnet, PuppyNet.

In a significant expansion of its services, global crypto exchange heavyweight Binance announced the addition of 22 new loanable and collateral assets to its Flexible Loan and VIP Loan offerings on Friday. This update introduces notable cryptocurrencies like Shiba Inu (SHIB), Compound (COMP), and Theta Network (THETA) as new collateral assets, fueling speculation about a potential listing of Shibarium’s BONE token on Binance.

New Inclusions: Shiba Inu and More

Binance’s announcement detailed the inclusion of 8 new loanable assets and 8 new collateral assets to its Flexible Loan service, including AUCTION, PYR, ILV, KNC, YGG, GAS, CELO, and IRIS as loanable assets. The collateral assets are the aforementioned SHIB, COMP, IOTA, RLC, HOT, ENJ, THETA, and IOST.

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For the VIP Loan service, Binance has added six new loanable assets: NKN, FARM, DIA, YGG, OGN, and ACA. On top of this, XEM has been added as a new borrowable asset for cross-margin trading, creating a new XEM/USDT trading pair.

Shibarium’s BONE Token: Poised for Listing?

Coinciding with this announcement is a rising tide of speculation surrounding a possible listing of BONE, the native token of Shiba Inu’s Layer-2 blockchain Shibarium. Other major crypto exchanges, including OKX, Huobi, and Crypto.com, have already listed BONE following the successful launch of Shibarium’s testnet, PuppyNet.

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Given Binance’s move to include SHIB as a collateral asset, it is plausible that the exchange is awaiting the launch of Shibarium’s mainnet to list the BONE token, aligning with one of the prerequisites for listing new tokens. Lead developer Shytoshi Kusama has hinted at the potential launch of Shibarium this month.

As of the time of the announcement, Shiba Inu’s price saw a marginal increase, trading at $0.0000083, up nearly 2% in the past 24 hours, while BONE showed a 1% increase in 24 hours and a 24% increase over the week.

With the addition of these new loanable and collateral assets, Binance continues to grow its financial services, providing users with more options and flexibility for their crypto trading and lending needs.

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Jane Smith
Jane Smith
As a Bitcoin Journalist, I am dedicated to reporting the latest developments in cryptocurrency, with a particular focus on Bitcoin. Through extensive research and interviews with industry experts, I provide accurate and up-to-date information on the ever-evolving world of cryptocurrencies. My goal is to help readers stay informed and make informed decisions regarding their investments in this rapidly changing field.
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