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  • News event
  • Claim

Name

Xapo Bank emphasized that their loans are geared towards Bitcoin holders who want to access cash for purchases or investments like property without selling Bitcoin, contrasting it with crypto exchange loans aimed at leveraged trading that can increase risk and turn investing into gambling

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Event date

12:00am, Tuesday, March 18, 2025

Quotes that support claims

A key distinction of Xapo’s Bitcoin loan product is that the bank does not rehypothecate the loan collateral by users, meaning that its lending mechanism does not involve the re-usage of BTC assets by clients.
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.”

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Crypto news

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