what's Xapo Bank?
Xapo Bank is a private bank headquartered in Gibraltar, licensed as a virtual asset currency provider by the Gibraltar Financial Services Commission. It offers an all-in-one app for securing, transacting, and growing Bitcoin wealth alongside USD balances, emphasizing Bitcoin-first banking with features like multi-signature security, physical vaults, and global accessibility. The platform provides services such as Bitcoin-backed loans, debit cards for spending BTC, instant transfers, stock trading for European clients, and yield-generating products on BTC and USD holdings paid in Bitcoin. It prioritizes security through MPC technology and bunkers, catering to long-term Bitcoin holders seeking institutional-grade custody without self-management hassles.
Xapo Bank users increasingly use Bitcoin-backed loans for long-term financial planning.
Links
x.com/xapobankappReports that users increasingly use Bitcoin-backed loans for long-term financial planning rather than short-term liquidity.
Opens access to BTC Credit Fund, offering Bitcoin-denominated wealth management product.
Projected $160B-$225B generational wealth transfer could create $20M-$28M daily Bitcoin demand.
Extended account access blockage reported by long-term user (3+ years), prompting migration to alternative services.
Large institutional holder moves 14,000 BTC ($1.523 billion) under Coinbase Prime custody, likely for address format upgrade from legacy to SegWit.
New partnership established with Premier League team Aston Villa FC, expanding presence in professional sports.