BitBuy, one of Canada's largest and regulated #Kripto exchanges, has decided to re-list XRP.
XRP suffered a serious blow as it was listed on many exchanges after the SEC filed a lawsuit against Ripple. At this point, BitBuy became the second exchange to re-include #XRP into its platform after delisting it. In November 2022, another Canadian crypto exchange, Newton, became the first exchange to re-list XRP.
Although BitBuy did not make a statement that it had relisted XRP, Canadian investors confirmed on Twitter that they could trade XRP on the platform. BitBuy stopped trading the crypto asset a year after the SEC filed a lawsuit against Ripple after listing XRP in 2019. Canadian regulations were cited as the reason. Now, XRP's relisting has been seen as an indication that the exchange is optimistic about the upcoming outcome of the Ripple case.
Latest situation in the SEC - Ripple case
Predictions that the SEC - Ripple case, which is closely followed by the cryptocurrency industry, could be concluded earlier this year were in vain. Currently, those who follow the case closely claim that the case has come to an end and may be concluded within the next few months. The fact that the case has still not been resolved increases concerns in the XRP community.
While lawyer John Deaton and Ripple CTO David Schwartz found the delay in the decision reasonable, they claimed that they did not see any negative effects and that they could get a result by September.
On the other hand, the XRP community has its eyes on the Coinbase listing. The community has put pressure on Coinbase in recent months, calling for a relisting of XRP. However, although Coinbase stated that it found Ripple justified in the SEC case, it has not yet responded positively to listing requests.
Latest situation in XRP
The mixed trend in the XRP market continues in 2023. XRP, which is the 6th largest cryptocurrency with a value of $ 24.8 billion, cannot break its resistance at an average level of $ 0.53 throughout the year and continues to create higher lows.
While XRP has continued its downward trend since June, it has been moving horizontally in the $ 0.47 band with a partial increase of 0.58% this week, after finding support at $ 0.45 last time.
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