Xapo CEO Seamus Rocca stresses the difference between the company's wealth-management service and what exchanges generally offer, which is geared towards trading. “If an exchange is offering you secured lending, it's to encourage leverage,” Rocca said in an interview. “And the moment you have leverage, unless you're a professional investor — and even when you are a professional investor — the risk of losing money is very high. If you're an exchange platform, you don't really care about that. You're just there to facilitate gambling.”