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Cryptocurrency exchange Binance added 22 new assets for loans and collateralization

Binance, the largest cryptocurrency exchange, said it is expanding its list of loan and collateral asset offerings to include the Shiba Inu meme token.

The company said that the expansion of Binance Flexible Loan and Binance VIP lending services aims to diversify the financial products offered to users. Eight new assets will become available in Binance Flexible Loan services (AUCTION, PYR, ILV, KNC, YGG, GAS, CELO, IRIS), six for the VIP Loan service (NKN, FARM, DIA, YGG, OGN, ACA), and another eight new assets can be used as collateral (SHIB, COMP, IOTA, RLC, HOT, ENJ, THETA, IOST).

The launch of the Shibarium blockchain and the possible listing of Bone ShibaSwap (BONE) tokens on Binance is expected soon. The BONE token is already listed on several cryptocurrency exchanges including OKX, Huobi and Crypto.com.

Earlier, North Carolina gubernatorial candidate Shannon Bray expressed support for the
for meme crypto asset SHIB. The American politician said he intends to buy a significant number of coins amid the turbulence in the crypto market.