BitBuy, a regulated crypto marketplace in Canada, has quietly reintroduced XRP, according to a report by Albert Brown for The Crypto Basic. BitBuy is now the second crypto trading platform in Canada to re-enable support for XRP after its initial delisting, following the lawsuit brought against Ripple by the US Securities and Exchange Commission (SEC) in December 2020.
The XRP community, persistently championing Ripple amidst the ongoing legal battle, has fervently advocated for XRP’s relisting on platforms previously delisted it. BitBuy’s decision thus comes as a substantial victory for these proponents. This move, executed without a public announcement, stands in contrast to the exchange’s well-publicized delisting of the asset over two years ago.
The news of XRP’s relisting was initially flagged by XRP community influencer Mason Versluis, whose post on social media first drew attention to the development.
A cursory look at BitBuy’s mobile app confirms Versluis’s observation, with XRP trading functionalities visibly reinstated. Moreover, BitBuy’s legal Crypto Assets Statement has been revised to indicate the renewed support for XRP trading.
Canadian XRP enthusiasts have responded positively to this development, with several users verifying their successful transactions with XRP on the platform. This event, however, is not a standalone instance. Newton, another Canadian exchange, had already relisted XRP in November 2022, reportedly being the first in Canada to do so.
As the final ruling in the SEC vs. Ripple lawsuit draws nearer, BitBuy’s decision to relist XRP has sparked a flurry of conjecture in the crypto sphere. The crypto community continues to lobby for XRP’s relisting on Coinbase, the largest US-based exchange. Despite repeated calls to action, Coinbase has remained unresponsive to these demands.
In light of the impending lawsuit verdict, Coinbase’s Chief Legal Officer, Paul Grewal, announced that the exchange would not automatically relist XRP, even if the court ruling favors Ripple. He disclosed that Coinbase would first need to reassess the situation.
Amid this prevailing uncertainty, some platforms, like Uphold, have maintained their support for XRP throughout the ordeal.
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