Binance Expands Collateral Assets, Considers BONE Token Listing

The cryptocurrency exchange Binance announced on August 4 the addition of 22 new loanable and collateral assets to its Flexible Loan and VIP Loan services.

Binance disclosed several new collateral assets in its official statement, including Shiba Inu, Compound, and Theta.

This development has also fueled rumors regarding the potential listing of Bone ShibaSwap (BONE) tokens on Binance, coinciding with the anticipated August launch of the layer-2 blockchain, Shibarium.

The cryptocurrency exchange simultaneously announced the addition of 22 cryptocurrencies to its Flexible Loan and VIP Loan services as loanable collateral assets.

Screenshot of Binance’s new collateral assets announcement. Source: Binance

According to the announcement, Binance has added eight new loanable assets to its Flexible Loan service. Six new loanable assets have been added to its VIP Loan service.

Binance introduced Nem (XEM) as a newly available borrowable asset in a distinct announcement. The XEM/USDT pair is now available for trading on the cross-margin platform.

BONE has been listed on multiple cryptocurrency exchanges, such as OKX, Huobi, and Crypto.com, following the introduction of the Shibarium testnet, PuppyNet.

Binance is contemplating the listing of the BONE token, but its inclusion is contingent on the upcoming mainnet launch of Shibarium, which is one of the listing requirements for new tokens.

The main developer of the project, Shytoshi Kusama, had previously disclosed that the Shibarium launch could occur in August.