Uphold Reinstates Trading of Certain Assets for Canadian Users
Leading crypto exchange, Uphold, has relisted nine assets for Canadian investors on its platform, following their delisting in December. This move comes after Uphold signed a pre-registration undertaking with the Ontario Securities Commission (OSC), the country’s financial markets regulator, to comply with regulatory requirements. The relisted assets include popular cryptocurrencies such as Cardano, Dogecoin, and Stellar, among others.
Uphold Yet to Relist VeChain, Raises Speculation on Shibaswap Listing
Although Uphold has reinstated the trading of several assets, it has not relisted VeChain (VET), one of the assets that were delisted earlier. The exchange has remained silent on the reasons behind this decision and whether VET will be relisted in the future. However, Uphold’s response to the Shiba Inu community’s request for the listing of the ecosystem token, Shibaswap (Bone), has sparked speculation. Uphold responded with a sticker and an emoji of a bone, hinting that it may be considering the listing of BONE in the near future.
Uphold’s Topper Platform Enables Trading of Relisted Assets
Uphold’s relisted assets can now be traded through its Topper platform, either through the Uphold widget or one of Uphold’s partner platforms. The relisted assets, including Shiba Inu, Cardano, and Hedera, among others, were previously part of Uphold’s Tier-3 cryptocurrencies list, from which they were removed due to regulatory compliance obligations.
Uphold’s Preparations for Canadian Market Paying Off
Uphold’s efforts to obtain registrations in Canada and comply with regulatory requirements are beginning to yield results. The relisting of the nine assets demonstrates Uphold’s commitment to providing a wide range of investment options for Canadian users while ensuring compliance with the OSC’s regulations. Uphold’s Topper platform offers Canadian investors convenient access to the relisted assets.
VeChain Exclusion Raises Questions on Future Listings
The exclusion of VeChain from Uphold’s relisted assets has raised questions about the future listing of this popular cryptocurrency. Uphold’s decision not to relist VET, combined with its cryptic response to the Shibaswap listing request, has sparked speculation about Uphold’s future plans and whether it will consider relisting VET in the near future. Crypto enthusiasts will be closely watching Uphold’s next moves to see if there are any developments regarding VeChain.
Uphold Continues to Expand Cryptocurrency Offerings for Canadian Investors
Uphold’s relisting of nine assets for Canadian users demonstrates its commitment to expanding its cryptocurrency offerings in the Canadian market. With the relisted assets now available for trading through the Topper platform, Uphold is providing Canadian investors with more options and opportunities to diversify their cryptocurrency portfolios. Uphold’s future plans, including the possibility of relisting VeChain and listing Shibaswap, will be closely watched by the crypto community.
Analyst comment
Positive news: Uphold has reinstated trading of certain assets for Canadian users, showing its commitment to comply with regulatory requirements and provide a wide range of investment options. The relisted assets can now be traded through Uphold’s Topper platform, offering convenience and opportunities for Canadian investors.
Analyst perspective: Uphold’s relisting of assets and expansion of cryptocurrency offerings for Canadian investors indicate a positive trajectory for the market. Investors will be interested to see if Uphold relists VeChain and lists Shibaswap in the future, as these moves could further shape the market’s dynamics.
