- Binance adds Shiba Inu to flexible loans, sparking BONE listing speculations.
- The exchange’s expanded collateral assets include COMP, ENJ, IOTA, RLC, HOT, THETA, and IOST.
- BONE’s remarkable growth as Shibarium’s governance token gains investor interest.
The world’s leading crypto exchange Binance just published a fresh list of new loanable assets and collateral assets available on flexible loans & VIP loans, and the crypto community is excited about a specific feature. The exchange added the famous memecoin Shiba Inu as a collateral asset, which has given has led to conversations about a potential BONE listing on Binance.
The updated list of collateral assets comprises other well-known cryptocurrencies, including Compound (COMP), Enjin (ENJ), and several other tokens like IOTA, RLC, HOT, THETA, and IOST. Furthermore, Binance expanded its Flexible Loan service by introducing eight new loanable assets, which include AUCTION, PYR, ILV, KNC, YGG, GAS, CELO, and IRIS. Additionally, they have incorporated six new loanable assets, namely NKN, FARM, DIA, YGG, OGN, and ACA, into their VIP Loan service.
BONE has been gaining significant momentum within the layer 2 Shibarium ecosystem, alongside other tokens like SHIB, LEASH, and TREAT. Notably, Bone ShibaSwap achieved an impressive milestone recently by becoming the second-largest daily gainer as per CoinMarketCap. In the past 24 hours, Bone ShibaSwap has seen a gain of over 6%, and its value has increased by more than 30% in the past seven days and over 55% in the last 30 days.
This rise in value shortly after Shytoshi Kusama, the pseudonymous lead developer of the Shiba Ecosystem, dropped a substantial clue, hinting at a possible future listing of the gas fee token of Shibarium on Binance. Moreover, Kusama calls BONE “passport to the future,” which further piqued the interest of numerous crypto investors.
Kusama reveals plans to mint the remaining supply of BONE tokens, after which the BONE contract will be renounced. This move could have implications for the token’s supply and governance within the Shibarium ecosystem. Meanwhile, the excitement surrounding the imminent launch of Shibarium has caused a surge in interest in SHIB. In the past 24 hours, SHIB’s value has risen by more than 5%, contributing to its weekly gains of over 10%.
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