Uphold Relists Popular Tokens, Including Shiba Inu and Dogecoin
Canadian cryptocurrency exchange Uphold has announced that it is relisting nine tokens that were previously delisted in 2023. The newly relisted tokens include popular meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). Uphold made the announcement on its X (formerly Twitter) page, stating that it had reintroduced tokens such as Cardano (ADA), Casper (CSPR), Hedera (HBAR), and more.
Delisting and Compliance with Canadian Laws
In December 2023, Uphold informed its customers via email about the delisting of ten tokens, including Vechain (VET) and others. The reason behind the delisting was Uphold’s commitment to comply with Canada’s cryptocurrency laws and regulations. While Canada does not recognize crypto assets as legal tender, individuals are allowed to purchase and accept cryptocurrencies at their own risk.
Expanding Cryptocurrency Options for Canadian Users
By reinstating these cryptocurrencies, Uphold is providing Canadian users with a wider range of options for buying, selling, and trading digital assets. This decision also presents opportunities for traders to capitalize on the popularity of these coins during the 2024 bull run cycle. The relisted tokens will be available on Uphold’s Topper payment system, accessible through the platform’s widget or its partners.
Potential Listing of BONE Token
The announcement of the relisted tokens has sparked speculation among crypto enthusiasts about the possible listing of Bone ShibaSwap (BONE) on Uphold. BONE is an Ethereum-based token within the Shiba Inu ecosystem. Some community members have predicted that Uphold may consider listing BONE based on the substantial investment it holds in BONE tokens. This potential listing would promote adoption of the token and expand Uphold’s Topper platform to a global audience.
Hot Take: Uphold Expands Crypto Offerings and Fuels Speculation
Uphold’s decision to relist popular tokens, including Shiba Inu and Dogecoin, demonstrates its commitment to providing a diverse range of cryptocurrencies for Canadian users. This move not only expands options for investors but also aligns with the growing interest in crypto during the 2024 bull run cycle. Additionally, the speculation surrounding the potential listing of BONE token adds excitement to Uphold’s offerings and could further enhance the adoption of Shiba Inu-based tokens. Uphold continues to position itself as a leading cryptocurrency exchange in Canada and beyond.
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