Gate, a prominent player in the crypto exchange arena, has unveiled its strategy to expand the trading horizons for BONE, a token linked to the Shiba Inu ecosystem.
This initiative encompasses integrating the token into the margin trading segment and making it available as a borrowable asset. With this move, traders gain the opportunity to partake in BONE trading using USDT with an additional leverage point.
Nevertheless, it’s crucial to recognize the risks inherent in margin trading, characterized by its speculative nature and the absence of token ownership.
BONE has established a notable presence on Gate’s platform, particularly within its spot market. Its listing on Gate signifies a significant milestone for the Shiba Inu token, as it marks one of the primary major exchanges embracing it. Gate ranks among the top three markets for BONE based on trading volume, accounting for approximately 10% of the token’s overall turnover, as per CoinMarketCap data.
The Big Question: When Binance?
While BONE explores new avenues in the crypto realm, the Shiba Inu community eagerly awaits its potential listing on Binance, one of the world’s largest centralized crypto exchanges. Following the launch of the Futures Next initiative earlier this month, discussions surrounding BONE’s listing have surged back into the spotlight.
Initially, Binance empowered users to determine the next digital asset for listing, catapulting the Shiba Inu token to the forefront. However, its ranking has slipped to eighth place in votes, sparking speculation about its destiny.
As the discourse regarding BONE’s potential listing on Binance gains momentum, it stands as one of the most captivating and pivotal developments within the Shiba Inu ecosystem, carrying significant implications for its future trajectory.
