The cryptocurrency landscape continues to evolve as regulatory clarity inches forward, and a significant development has recently emerged in Canada. BitBuy, one of the country’s most trusted and regulated exchanges, has quietly relisted XRP—marking a pivotal moment for the XRP community and signaling shifting sentiment among compliant digital asset platforms.
This move positions BitBuy as the second Canadian exchange to reinstate trading support for XRP ahead of the anticipated final ruling in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). The relisting occurred without fanfare or official announcement, but its implications are far from subtle.
BitBuy’s Quiet Reintroduction of XRP Trading
While BitBuy publicly announced the delisting of XRP back in December 2021—with removal taking effect on January 13, 2022—the return of the asset was notably understated. There was no press release, no social media update, and no formal statement from the exchange.
Instead, the relisting was first spotted by Mason Versluis, a well-known figure in the XRP community and founder of Gold Squad, who shared his discovery on social media. A quick check of BitBuy’s mobile app confirms that XRP is now available for trading, with full functionality restored.
Additionally, BitBuy updated its official Crypto Assets Statement, officially reflecting XRP as a supported digital asset. This documentation update serves as a quiet but definitive confirmation of the relisting.
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Why BitBuy Originally Delisted XRP
When BitBuy removed XRP in early 2022, it did so citing compliance with Canadian regulatory standards. At the time, the SEC’s lawsuit against Ripple—which alleged that XRP was an unregistered security—had already created uncertainty across global markets.
As a regulated financial entity operating under strict Canadian oversight, BitBuy emphasized its obligation to align with local laws and regulatory expectations. The exchange stated it would monitor developments closely and respond accordingly to any changes in the legal environment.
Now, two years later, the relisting suggests that BitBuy either perceives reduced regulatory risk or anticipates a favorable outcome in the Ripple vs. SEC case.
Ripple vs. SEC: Legal Clarity on the Horizon?
The long-anticipated final ruling in the Ripple lawsuit has been delayed multiple times, fueling speculation and anxiety within the crypto community. However, recent signals suggest momentum is building toward resolution.
Attorney John Deaton, a prominent advocate for retail XRP holders, has publicly stated that delays in judicial proceedings are not uncommon and should not be cause for alarm. Echoing this sentiment, Ripple’s Chief Technology Officer, David Schwartz, indicated that a decision could come as early as September 2025.
BitBuy’s decision to relist XRP ahead of this ruling may reflect internal confidence in regulatory clarity or a strategic assessment that XRP no longer poses significant compliance risks.
A Growing Trend Among Canadian Exchanges
BitBuy is not alone in revisiting its stance on XRP. Newton, another Canadian-based exchange, became the first to relist XRP in November 2022—well before any definitive court rulings were issued.
This emerging trend among Canadian platforms highlights a more progressive and responsive approach compared to some U.S.-based counterparts. While exchanges like Coinbase remain cautious, Canadian operators appear increasingly willing to support XRP based on evolving legal interpretations and market demand.
How Other Major Platforms Are Responding
- Coinbase: Despite being the largest crypto exchange in the U.S., Coinbase has not relisted XRP. In March 2025, Paul Grewal, the company’s Chief Legal Officer, stated that even if Ripple wins the case, Coinbase will conduct its own thorough evaluation before considering relisting.
- Uphold: In contrast, Uphold has maintained continuous support for XRP throughout the legal uncertainty, positioning itself as one of the few major platforms to stand by the asset.
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BitBuy: Canada’s Premier Regulated Crypto Exchange
BitBuy stands out as a leader among regulated Canadian exchanges. Launched in 2018 and acquired by Netcoins in 2021, BitBuy offers a secure, compliant, and user-friendly platform for buying and trading digital assets.
As a registered Money Services Business (MSB) with FINTRAC and adhering to provincial securities regulations, BitBuy operates with transparency and accountability—qualities that have earned it trust among retail investors.
Key features include:
- CAD-based trading pairs
- Low fees and competitive spreads
- Robust security protocols including cold storage
- Easy bank transfers and Interac integration
- Regular updates to supported assets based on market and regulatory conditions
By relisting XRP, BitBuy reinforces its commitment to offering diverse investment options while maintaining strict adherence to compliance frameworks.
Frequently Asked Questions (FAQ)
Q: Why is BitBuy’s relisting of XRP significant?
A: BitBuy is a regulated Canadian exchange, and its decision to relist XRP reflects growing confidence in the asset’s regulatory standing. It also signals a broader shift in how compliant platforms view XRP amid ongoing legal developments.
Q: Was there an official announcement about the relisting?
A: No. Unlike the original delisting, which was formally announced, the reintroduction of XRP occurred quietly—without press releases or public statements.
Q: Can users currently trade XRP on BitBuy?
A: Yes. XRP is now fully supported on both the web and mobile platforms, with deposit, withdrawal, and trading functionalities active.
Q: What does this mean for the Ripple vs. SEC case?
A: While not conclusive, BitBuy’s move may indicate that regulated institutions are beginning to anticipate a favorable or clarifying outcome in the case. It suggests diminishing perceived risk around XRP’s classification.
Q: Are other major exchanges expected to follow suit?
A: While nothing is confirmed, increased relistings by reputable platforms like BitBuy and Newton may pressure larger exchanges such as Coinbase to reconsider their position—especially post-ruling.
Q: How can I start trading XRP on BitBuy?
A: Simply log into your account, search for XRP in the asset list, deposit funds via Interac or bank transfer, and begin trading immediately.
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Final Thoughts
The quiet relisting of XRP by BitBuy may seem minor at first glance—but it carries substantial weight. As one of Canada’s most respected regulated exchanges takes this step, it reinforces a growing narrative: XRP is regaining institutional credibility.
With the Ripple vs. SEC case nearing resolution and compliance-focused platforms re-engaging with the asset, 2025 could mark a turning point for XRP adoption. For investors and enthusiasts alike, staying informed—and positioned on responsive platforms—is more important than ever.
As regulatory clarity improves and market confidence strengthens, expect more exchanges worldwide to evaluate their own positions on XRP. BitBuy’s move isn’t just about one token; it’s a signal of maturation in the global crypto ecosystem.