Crypto

Canadian Crypto Exchange Delists XRP • Coinkolik

Canadian-based crypto exchange Bitbuy announced that it will delist XRP on January 13, 2022.

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There were already XRP/CAD and XRP/BTC trading pairs on the exchange. According to the statement of the exchange, both trading pairs will be removed from the platform.

Bitbuy urged its users to withdraw their XRP tokens before the delisting took place.

Received Editorial Approval

Bitbuy received approval from the Ontario Securities Commission (OSC) earlier this month to operate as a fully registered seller. The exchange became the first trading platform in Canada to achieve this.

In its announcement, the exchange emphasizes that the OSC’s guidelines should be followed to decide whether certain cryptoassets should be classified as securities. In addition, the exchange states that the views of international regulators on this issue should also be taken into account.

According to the stock market’s statement, XRP can be relisted if the necessary conditions are met.

“We will continue to monitor the status of XRP. If things change, we will act accordingly.”

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