• Binance, the world’s leading crypto exchange announced that it has approved SHIB, IOTA and other cryptocurrencies as collateral assets for its lending platform.
• 22 new cryptocurrencies have been added to Binance’s loanable assets, including AUCTION, PYR, ILV, KNC, YGG, GAS and more.
• Binance is also considering listing the BONE token on its platform which will allow Shiba Inu community to vote on upcoming proposals and access future NFTs.

Binance Approves SHIB and IOTA as Collateral Assets

Crypto exchange Binance has added SHIB, IOTA and other cryptocurrencies as collateral assets on its platform. The announcement was made by the company on Friday 4th August. Along with these two tokens, 22 new cryptocurrencies have been included in loanable assets of the platform.

New Loanable Assets Added To Platform

The new loanable assets include AUCTION, PYR, ILV, KNC, YGG GAS CELO IRIS NKN FARM DIA OGN ACA and more. Users can borrow funds on this lending platform using these crypto tokens as collateral with both flexible loan option or VIP loan option available for them. The Flexible Loan option allows users to complete loan orders while collateralising cryptocurrencies whereas VIP Loan is an over-collateralised large personal or institutional loan service featuring competitive rates and terms.

BONE Token To Be Listed On Exchange?

Binance could list the BONE token on its exchange in near future which is native governance token of ShibaSwap decentralised exchange (DEX). This token enables Shiba Inu community to vote on upcoming proposals along with submitting proposals and accessing future NFTs (non-fungible tokens). The Shibarium mainnet launch could take place this month however there is no specific date yet for launch day according to project’s lead developer Shytoshi Kusama.

SHIB Price Performance

At press time SHIB (Shiba Inu’s native token) price stands at $0.00000861 which is up by more than 4% in last 24 hours.

Conclusion

The news about approving SHIB and IOTA as collateral assets along with adding 22 new crypto tokens in their list of loanable asset has seen a positive response from investors driving up their prices significantly over past 24 hours

Von admin