Binance Unleashes Crypto Frenzy – Shiba Inu (SHIB) Joins the Party, Shibarium Gas Token Bone Speculation Runs Wild!

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Binance, the world’s largest cryptocurrency exchange, recently made an announcement about the expansion of its list of collateral and loanable crypto assets. This development includes the addition of Shiba Inu (SHIB) as one of the collateral assets. The move has sparked speculation about the potential listing of the Bone token on Binance, coinciding with the upcoming launch of the layer-2 blockchain, Shibarium.

In its official statement, Binance disclosed that it has added 22 new loanable and collateral assets to its Flexible Loan and VIP Loan services. These assets include popular cryptocurrencies like COMP, IOTA, RLC, HOT, ENJ, THETA, IOST, AUCTION, PYR, ILV, KNC, YGG, GAS, CELO, IRIS, NKN, FARM, DIA, OGN, and ACA. However, one standout addition among them is Shiba Inu (SHIB). The inclusion of SHIB as a collateral asset significantly expands its utility, potentially attracting new users to the token.

🐶 Shib 🤝 Binance @binance 🏦 approves Shiba Inu (SHIB) as a collateral asset for flexible loans on its platform 🚀 HODLers can now unlock the power of their SHIB holdings with this new utility💪💰 #SHIBARMY https://t.co/EBfYrlBD4J pic.twitter.com/kTXqHMoUbA

— Shib (@Shibtoken) August 4, 2023

The announcement of Binance’s new collateral assets coincides with the rumors of the upcoming launch of Shibarium, a layer-2 blockchain network. Following the successful Shibarium testnet PuppyNet launch, the native token of Bone ShibaSwap (BONE) has been listed on various cryptocurrency exchanges, such as OKX, Huobi, and Crypto.com. However, it’s potential listing on Binance is still speculative.

Binance’s recent announcement of expanding its list of collateral and loanable assets has captured the attention of the cryptocurrency community, especially the Shib Army. The inclusion of Shib marks a significant milestone for the main token, potentially attracting more users to its ecosystem. According to analysts we have spoken with, as the launch date draws near, BONE’s listing on Binance could depend on the successful deployment of the L2 Shibarium.