Xapo Bank launches Bitcoin-backed USD loans targeting hodlers
Name
Xapo Bank launches Bitcoin-backed USD loans targeting hodlers
Publish date
12:00am, Tuesday, March 18, 2025
Referenced by
Xapo Bank launches BTC-backed loans
Crypto news
News story
Xapo Bank is regulated by the Gibraltar Financial Services Commission under the Financial Services Act 2019. In 2024, the bank successfully passported its banking license in the United Kingdom, granting its Xapo Bank App full access to the country.
Crypto news
Quote
Xapo Bank’s new BTC loan launch comes a few years after the crypto lending industry suffered a major crisis in 2022. The crisis came amid the historic Terra crash and a subsequent bear market that triggered the collapses of major lending providers like Celsius and BlockFi. “The collapse of Celsius, BlockFi, and other centralized lenders significantly eroded trust in the crypto lending space,” Xapo Bank CEO told Cointelegraph.
Crypto news
Quote