Uphold Lists Nine Altcoins in Canada, Shiba Inu, Cardano, Dogecoin Included

John Darbie
Photo: Finoracle.me

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.

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John Darbie is a seasoned cryptocurrency analyst and writer with over 10 years of experience in the blockchain and digital assets industry. A graduate of MIT with a degree in Computer Science and Engineering, John specializes in blockchain technology, cryptocurrency markets, and decentralized finance (DeFi). His insights have been featured in leading publications such as CoinDesk, CryptoSlate, and Bitcoin Magazine. John’s articles are renowned for their thorough research, clear explanations, and practical insights, making them a reliable source of information for readers interested in cryptocurrency. He actively follows industry trends and developments, regularly participating in blockchain conferences and webinars. With a strong reputation for expertise, authoritativeness, and trustworthiness, John Darbie continues to provide high-quality content that helps individuals and businesses navigate the evolving world of digital assets.