In consideration of new regulatory requirements for Canadian cryptocurrency platforms, Bitbuy has delisted XRP as of January 13th, 2022.
Please note that as of January 13th, 2022 9:00 am EST users are no longer be able to trade XRP/CAD or XRP/BTC markets and you are no longer able to make new XRP deposits to their Bitbuy account wallet.
If you have an XRP balance, we ask that you either withdraw your XRP balance to an external wallet.
You may still withdraw your XRP off Bitbuy for a grace period of 30 days. No trading will be permitted at this time.
Section 20 of our Ontario Securities Commission exemptive relief decision states that we are required to apply policies and procedures to determine whether a crypto asset is a security or a derivative.
These policies must consider the opinion of international regulators, including the regulator with the most significant connection to a crypto asset. We will continue to monitor the status of XRP and should things change we will act accordingly.
Bitbuy is committed to transparency, compliance, and a fair trading experience and we thank you for your understanding in this matter.