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SHIB Spikes 5% as Binance Announces Shiba Inu (SHIB) as Collateralized Asset

Crypto exchange Binance has announced the addition of twenty-two loanable assets and collateral assets on Flexible Loan and VIP Loan on August 4th. New collateral assets include popular memecoin Shiba Inu (SHIB), along with Compound (COMP), Enjin (ENJ), and other tokens such as IOTA, RLC, HOT, THETA, and IOST. Binance’s latest official announcement soon sparked conversations about a potential listing of BONE on the crypto exchange. BONE is being touted as a crucial token for applications built on the layer 2 Shibarium ecosystem in addition to SHIB, LEASH, and TREAT. According to Shiba Inu’s lead Shytoshi Kusama, BONE will also serve as the “passport to the future”.


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