Top Canadian exchange relists XRP

XRP approved for custody by the New York State Department of Financial Services

As the legal battle between Ripple and the SEC draws to a close, XRP continues to bounce back to platforms that previously delisted the asset. Recently, BitBuy, a leading Canadian exchange, relisted XRP on its platform.

BitBuy excluded XRP from a listing over two years ago, and this was accompanied by an official announcement. At the same time, the transition to the re-listing of the asset was made imperceptibly. In a recent Mason Versluis tweetan influencer in the XRP community and founder of Gold Squad, first drew attention to this.

A quick look at the exchange’s mobile app reveals that the platform now supports XRP with restored trading features. In addition, BitBuy recently updated its Crypto Asset Statement to reflect that it now supports XRP trading.

XRP on BitBuy
It is expected that the news caused a positive reaction from the XRP community. Some XRP supporters from Canada confirmed that they have successfully purchased XRP on the platform.

BitBuy originally listed XRP in March 2019. However, in December 2021, the exchange announced that it will delist XRP on January 13, 2022. The removal of the asset comes a year after the SEC sued Ripple.

In its announcement, BitBuy said the move was driven by its commitment to Canadian regulations and confirmed that she would respond appropriately when things changed.

BitBuy is the second exchange to relist XRP before the final ruling in the Ripple case. Another Canadian exchange, Newton, became the first exchange to refloat an asset back in November 2022.

The US XRP community is expecting to be allowed to trade XRP on Coinbase, America’s largest exchange. The community has repeatedly called on Coinbase to relist XRP. However, the platform did not respond positively to this requirement..

In March, Paul Grewal, Chief Legal Officer of Coinbase, informedthat the exchange will not automatically re-list XRP even if the final decision is in favor of Ripple. Grewal said that Coinbase first needed to assess the situation.

Amid this uncertainty, there are platforms in the US that continue to trade XRP, we are talking about the platform Uphold. Moreover, Uphold is in the top three in terms of XRP balance on its wallets.

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