BitBuy Silently Relists XRP Amid Ripple vs. SEC Case, Hinting at Insider Knowledge

Jul 13, 2023 7:42 AM

Binance, Coinbase, Crypto, Crypto Regulations, Cryptocurrency, XRP

BitBuy Relists XRP Trading Quietly

BitBuy, the leading Canadian cryptocurrency exchange, has quietly relisted XRP trading, following in the footsteps of Binance. This decision was noticed by XRP community member Mason Versluis, who observed that BitBuy had updated its crypto assets statement to include XRP trading. The relisting comes after XRP was delisted in January 2022 due to legal action from the SEC. BitBuy cited compliance with Canadian law as the reason behind the earlier decision. There are now speculations that the relisting may indicate insider knowledge of an imminent verdict in the Ripple lawsuit. Attorney John Deaton and Ripple CTO David Schwartz have both reassured the public about potential delays and the expectation of a decision in September.

XRP Community Focuses on Coinbase

In addition to BitBuy and Binance, Canadian exchange Newton has also relisted XRP in November 2022. However, the attention of the XRP community remains on Coinbase, the prominent American exchange. Many requests have been made for Coinbase to relist XRP, but the exchange has not responded positively to these demands. Even if the verdict in the Ripple lawsuit favors the company, Coinbase’s chief legal officer Paul Grewal has stated that the exchange would conduct an investigation before considering relisting XRP.

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Closing Thoughts

The relisting of XRP on BitBuy and Binance, as well as other exchanges, shows that there is still interest and support for the cryptocurrency despite the legal challenges it has faced. The focus now shifts to Coinbase and whether it will follow suit in relisting XRP. The outcome of the Ripple lawsuit will have significant implications for the future of XRP trading, and the anticipation of a decision in September adds to the excitement and uncertainty surrounding the cryptocurrency.