The cryptocurrency landscape is shifting once again as XRP regains momentum in North America. BitBuy, a fully regulated Canadian crypto exchange, has quietly reintroduced support for XRP trading—marking a pivotal development in the digital asset’s journey through regulatory uncertainty.
This move positions BitBuy as the second major Canadian platform to relist XRP, following Newton’s precedent in November 2022. The relisting comes more than two years after many exchanges, including BitBuy itself, suspended XRP trading in response to the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs filed in December 2020.
A Quiet Move with Loud Implications
Unlike its high-profile delisting announcement back in 2021, BitBuy made no public statement about bringing XRP back. The change was first noticed by Mason Versluis, a well-known figure in the XRP community, who shared screenshots on social media showing active XRP trading pairs on the BitBuy mobile app.
A quick verification confirms that users can now deposit, trade, and withdraw XRP directly through the platform. Furthermore, BitBuy has updated its official Crypto Assets Statement, formally acknowledging XRP as a supported digital asset once again.
This behind-the-scenes reinstatement suggests growing confidence among regulated platforms in XRP’s legal standing—especially as the final verdict in the SEC vs. Ripple case inches closer.
👉 Discover how global exchanges are responding to evolving crypto regulations.
The Ripple Effect: Why This Matters
The SEC's lawsuit alleged that Ripple conducted an unregistered securities offering worth $1.3 billion using XRP. While the case has been ongoing, courts have already ruled that XRP itself is not inherently a security, particularly when sold to retail investors on public exchanges—a key distinction that may be reshaping institutional attitudes.
With this legal clarity emerging, platforms like BitBuy and Newton are signaling that they see reduced regulatory risk in offering XRP. Their decisions could influence other major exchanges still sitting on the fence—particularly in the United States.
Canadian XRP holders have welcomed the news enthusiastically. Multiple users have confirmed successful transactions, with some expressing relief after years of limited access to one of the top digital assets by market capitalization.
Broader Industry Trends and Exchange Behavior
Not all platforms chose to delist XRP during the legal battle. Uphold, a U.S.-based exchange, maintained continuous support for XRP and reportedly earned significant trading volume from it. In early 2023, a company executive revealed that XRP contributed a "healthy percentage" of Uphold’s trading fees between 2021 and 2023—highlighting both user demand and commercial viability.
Meanwhile, Coinbase—the largest U.S. crypto exchange—has remained cautious. Despite mounting pressure from the community, it has not relisted XRP. Paul Grewal, Coinbase’s Chief Legal Officer, stated clearly that even if Ripple wins the case outright, relaunching XRP trading isn’t automatic.
“We will need time to evaluate the court’s final decision and work through compliance and listing requirements,” Grewal explained.
This wait-and-see approach reflects the delicate balance U.S. exchanges must maintain between innovation and regulatory adherence.
👉 See how leading platforms assess post-lawsuit crypto relisting strategies.
Core Keywords Driving Market Sentiment
As market dynamics evolve, several core keywords capture the essence of this turning point:
- XRP relisting
- Ripple SEC lawsuit
- BitBuy exchange
- XRP trading
- crypto regulation Canada
- digital asset compliance
- XRP price outlook
- regulated crypto platforms
These terms reflect both user search intent and broader industry concerns around legality, accessibility, and investment potential.
The gradual return of XRP to regulated markets indicates a shift toward more nuanced interpretations of securities law in the crypto space—particularly outside the U.S., where regulatory frameworks are maturing faster.
FAQ: Addressing Key Questions About XRP’s Return
Why did BitBuy delist XRP in the first place?
BitBuy removed XRP in early 2021 following the SEC’s lawsuit against Ripple. To comply with regulatory expectations and mitigate legal risk, many exchanges temporarily suspended trading for assets under scrutiny.
Does BitBuy’s relisting mean XRP is legally cleared?
Not definitively—but it’s a strong signal. While the final ruling in the SEC case is pending, recent court decisions have distinguished between institutional sales (potentially securities) and retail trading (not securities). This distinction likely gave BitBuy confidence to reinstate XRP.
Is XRP available on all Canadian exchanges now?
No, but adoption is growing. Currently, both BitBuy and Newton offer XRP trading. Others may follow depending on U.S. legal outcomes and domestic regulatory guidance.
Will U.S. exchanges relist XRP soon?
Uncertain. Even if Ripple prevails in court, U.S. exchanges like Coinbase will conduct internal reviews before relisting. Compliance protocols, risk assessment, and listing procedures mean delays are expected.
What does this mean for XRP’s price?
Historically, positive exchange news correlates with short-term price increases. Renewed availability on regulated platforms improves liquidity and investor access—both bullish signals for long-term value.
Can I trade XRP safely on BitBuy?
Yes. BitBuy is registered with Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) and adheres to strict anti-money laundering (AML) policies. It operates under full regulatory oversight, making it a secure environment for trading digital assets.
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What Comes Next for XRP?
The relisting of XRP on BitBuy isn’t just a technical update—it’s a vote of confidence in the asset’s resilience and future viability. As global regulators refine their approaches to digital assets, platforms are increasingly distinguishing between projects based on use case, distribution model, and legal compliance.
Ripple’s ongoing efforts to expand use cases for XRP in cross-border payments, tokenization, and central bank digital currency (CBDC) settlements add further legitimacy to the ecosystem.
While the final chapter of the SEC lawsuit remains unwritten, each supportive action—from Uphold’s continued listing to Newton’s and BitBuy’s reinstatements—builds momentum toward broader market reacceptance.
For investors and enthusiasts alike, this marks a promising phase in XRP’s evolution: not just as a speculative asset, but as a functional component of the future financial infrastructure.
As regulatory clarity improves and institutional trust grows, the path forward for XRP appears brighter than it has in years. Whether you're tracking price trends, adoption metrics, or legal developments, one thing is clear—XRP is making its way back into mainstream crypto markets.