Canadian Crypto Exchange Re-lists XRP: Will Coinbase Follow Suit? The buzz is building around XRP after a significant development in the Canadian crypto market. BitBuy, Canada’s largest cryptocurrency exchange, has quietly relisted XRP, making it the second exchange to relist the digital asset since the delisting spree. Newton Crypto is the first exchange to relist the asset, and others might follow suit soon. This move sparks the question: could this be a sign that U.S. exchanges, particularly Coinbase, will soon follow suit?
The relisting in Canada comes amidst ongoing developments in the Ripple XRP lawsuit. The XRP Lawsuit: Coinbase, U.S. biggest crypto exchange is seeking a regulatory green flag from the top financial regulator, Securities and Exchange Commission. This regulatory uncertainty has been a major factor in the delisting of XRP from several exchanges. However, a more favorable legal landscape could pave the way for a re-evaluation.
Interestingly, Coinbase has already signaled a potential interest in the outcome of the lawsuit. Coinbase in particular recently requested to file an amicus brief in support of Ripple. This suggests they are closely monitoring the legal proceedings and potentially anticipating a positive outcome for Ripple. If the lawsuit concludes favorably for Ripple, it could significantly impact the SEC's stance on XRP and encourage exchanges to relist the cryptocurrency.
While the relisting by BitBuy in Canada doesn't guarantee that Coinbase will immediately follow suit, it represents a positive shift in sentiment towards XRP. It demonstrates that exchanges are willing to reconsider their position based on evolving circumstances and regulatory clarity. The coming months will be crucial in determining whether Coinbase and other U.S. exchanges will re-list XRP, ultimately offering wider access to the digital asset for investors.
Stay tuned for further updates on the XRP lawsuit and its impact on the future of XRP trading on major cryptocurrency exchanges like Coinbase. The Canadian example shows it's possible!