Relists XRP by Top Regulated Canadian Exchange: BitBuy

Relists XRP by Top Regulated Canadian Exchange: BitBuy, an esteemed Canadian platform, quietly relaunched XRP, marking the second exchange to reinstate support for the asset following its initial delisting.

As the legal dispute between Ripple and the SEC nears its conclusion, the XRP community persists in advocating for the relisting of the asset on platforms that previously removed it. Recently, BitBuy, a leading Canadian exchange, became the second platform to do so.

Relists XRP by Top Regulated Canadian Exchange: BitBuy

While BitBuy's decision to delist XRP over two years ago was accompanied by an official announcement, the relisting of the asset occurred inconspicuously. Mason Versluis, a prominent figure within the XRP community and founder of Gold Squad, initially drew attention to this development through a tweet.

A brief exploration of the exchange's mobile app reveals that XRP is now supported, with trading features fully reinstated. Furthermore, BitBuy recently updated its official Crypto Assets Statement to reflect its renewed support for XRP trading.

https://twitter.com/MasonVersluis/status/1679205072566386688?ref_src=twsrctfwtwcamptweetembedtwterm1679205072566386688twgr5aae7bc5f926d1230c5e000261368d360b748215twcons1_&ref_url=httpsthecryptobasic.com20230713top-regulated-canadian-exchange-relists-xrp

Canada confirmed their successful purchase of XRP on the platform.

Predictably, this development has evoked a positive response from the wider XRP community. Several XRP proponents based in Canada confirmed their successful purchase of XRP on the platform.

BitBuy listed XRP in March 2019

Initially, BitBuy listed XRP in March 2019. However, in December 2021, the exchange announced that it would delist XRP on January 13, 2022. The asset's removal occurred one year after the SEC filed a lawsuit against Ripple.

In its announcement, BitBuy emphasized its commitment to adhering to Canadian regulations as the primary reason behind the delisting decision.

The exchange also assured that it would appropriately respond to any changes in the regulatory landscape. Consequently, the recent relisting of XRP has spurred speculation that BitBuy possesses insider knowledge regarding the upcoming ruling.

Ripple vs. SEC ruling

The Ripple vs. SEC ruling BitBuy's choice to reintroduce XRP coincides with mounting speculation that the final ruling for the Ripple case is imminent. Previous estimates for the conclusion of the case failed to materialize, prompting some proponents to express concerns over the delay.

Ripple's Chief Technology Officer, David Schwartz

However, Attorney John Deaton recently reassured the community that the delay is not unprecedented, and there is no cause for alarm. Ripple's Chief Technology Officer, David Schwartz, echoed these sentiments, affirming that a ruling could be reached as early as September.

BitBuy becomes the second exchange to relist XRP

Mixed Reception of XRP Significantly, BitBuy becomes the second exchange to relist XRP prior to the final ruling in the Ripple case. The first platform to reinstate support for the asset was Newton, another Canadian exchange, as reported by The Crypto Basic in November 2022.

The XRP community has primarily focused its efforts on Coinbase, the largest exchange in the United States. Members of the community have consistently urged Coinbase to relist XRP. However, despite expressing agreement with Deaton's argument in the SEC lawsuit, Coinbase has not responded favorably to this demand.

In March, Paul Grewal, Coinbase's Chief Legal Officer, revealed that the exchange would not automatically relist XRP even if the final ruling favors Ripple.

Grewal emphasized the need for a thorough evaluation of the situation before making any decisions. Meanwhile, Uphold has chosen to maintain its support for XRP amidst the prevailing uncertainty.

Relists XRP by Top Regulated Canadian Exchange_ BitBuy

BitBuy: The Premier Regulated Canadian Exchange

BitBuy stands as a premier and regulated Canadian exchange, offering a secure and trusted platform for cryptocurrency enthusiasts. With a commitment to adhering to Canadian regulations, BitBuy has established itself as a reliable and reputable marketplace for digital asset trading.

Top Exchanges in Canada: BitBuy

As one of the top exchanges in Canada, BitBuy provides a user-friendly interface and a range of features that cater to both beginners and experienced traders. The platform's dedication to compliance ensures that users can engage in cryptocurrency transactions with confidence, knowing that their investments are safeguarded.

BitBuy's reputation as a regulated exchange stems from its rigorous adherence to industry standards and compliance with legal requirements. By placing a strong emphasis on regulatory frameworks, BitBuy ensures that it operates within the established guidelines and maintains the integrity of the financial ecosystem.

Furthermore, BitBuy has been at the forefront of innovation, continuously enhancing its platform to meet the evolving needs of the cryptocurrency community. Whether it is the addition of new digital assets or the implementation of advanced security measures, BitBuy remains committed to delivering a cutting-edge trading experience.

FAQ

Q: What is the significance of BitBuy's relisting of XRP?

A: BitBuy, a prominent Canadian exchange, has reintroduced support for XRP after previously delisting the asset. This move holds significance for the XRP community and indicates a growing trend of platforms reconsidering their stance on XRP amidst the ongoing legal battle between Ripple and the SEC.

Q: Why did BitBuy initially delist XRP?

A: BitBuy delisted XRP over two years ago, announcing the decision in December 2021 and implementing it in January 2022. The exchange cited its commitment to adhering to Canadian regulations as the primary reason behind the delisting.

Q: Has BitBuy quietly relisted XRP?

A: Yes, BitBuy's relisting of XRP was done discreetly, with no formal announcement made. The relisted asset now appears on the platform's mobile app, and trading features for XRP have been fully reinstated.

Q: How has the XRP community responded to BitBuy's relisting of XRP?

A: The relisting of XRP on BitBuy has sparked favorable reactions from the broader XRP community. Several Canadian-based XRP proponents have confirmed successful purchases of XRP on the platform, indicating their support and satisfaction with BitBuy's decision.

Q: What is the connection between BitBuy's relisting and the Ripple vs. SEC legal battle?

A: BitBuy's relisting of XRP comes at a time when speculations about the final ruling in the Ripple case are growing. Some believe that BitBuy's decision might be influenced by insider knowledge or anticipation of an imminent ruling.

Q: Which other exchange has relisted XRP prior to the final ruling in the Ripple case?

A: Newton, another Canadian exchange, became the first platform to relist XRP in November 2022, preceding BitBuy's relisting. This indicates a trend among Canadian exchanges to reconsider their stance on XRP.

Q: Has Coinbase, America's largest exchange, relisted XRP?

A: No, despite repeated calls from the XRP community, Coinbase has not yet responded favorably to the demand for relisting XRP. In March, Coinbase's Chief Legal Officer disclosed that the exchange would evaluate the situation before considering any relisting decisions, even if the final ruling favors Ripple.

Q: How has Uphold responded to the XRP situation?

A: Uphold, another platform, has chosen to maintain its support for XRP despite the uncertainty surrounding the legal battle. Unlike Coinbase, Uphold has retained its backing for XRP, demonstrating a different approach within the industry.
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