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Shiba Inu: BONE Appears in Binance DeFi Section, Suggesting a Potential Binance Listing
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Shiba Inu: BONE Appears in Binance DeFi Section, Suggesting a Potential Binance Listing

Nov 27, 2023

Lucie expressed a positive outlook for X following the presentation of a BONE chart within Binance's Web3 wallet section. Binance DeFi's inclusion of BONE highlights the growing recognition of this digital currency and the Shibarium network it supports.

Binance DeFi First, then CeFi Listing for BONE?

The potential listing of a cryptocurrency on Binance holds immense significance, serving as a vote of confidence for the specific asset. Being the largest exchange in terms of trading volume, Binance provides access to millions of individuals worldwide, and endorsing BONE could expand its reach across various jurisdictions.

While acknowledging the associated risks, Lucie remains hopeful for the integration of Shibarium and the listing of BONE. In the X post, Lucie tagged Richard Teng, the new CEO of the exchange.

This announcement carries several underlying implications, offering exciting prospects. One such implication is that the Shibarium team may be actively engaging in discussions with Binance to facilitate the listing of BONE on the trading platform.

Notably, Binance already stands as a prominent marketplace for Shiba Inu (SHIB), featuring three active trading pairs for the token, including SHIB/USDT, SHIB/BUSD, and SHIB/DOGE.

Another possible reason for LucieSHIB sharing this suggestive post is to mobilize the community's voice and generate buzz, potentially compelling Binance to heed the community's request. This second scenario appears to be gaining momentum, as more community members are joining the call for the listing of BONE on Binance.

A Shibarium Binance Alliance

As an Ethereum layer-2 scaling solution, it's reasonable to anticipate an influx of projects with their unique tokens going live on Shibarium in the coming months. As these projects and their assets enter the scene, the necessity for a bridge to facilitate mainstream adoption becomes evident, further highlighting the potential for a Binance integration with Shibarium.

In the interim, leading Decentralized Exchanges that operate on these protocols, notably Marswap, are actively increasing their backing for tokens residing on the L2 network.

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