Bitcoin News
By MikeT
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Xapo Bank, a private banking institution based in Gibraltar, has reported a remarkable 14.2% increase in Bitcoin trading volumes during the first quarter of 2025.
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Gadi Chait, the head of investment at Xapo Bank, highlighted that institutional investors are focused on Bitcoin’s long-term potential rather than short-term market fluctuations.
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Alongside the surge in Bitcoin trading, Xapo Bank saw a 50% increase in euro deposits for the quarter. This increase was attributed to growing concerns over the potential for a U.
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In a bid to further enhance its offerings, Xapo Bank also introduced interest-bearing accounts for both Bitcoin and fiat currencies in March 2025.
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Stablecoin activity also saw significant shifts on Xapo’s platform during Q1 2025. USDC deposits surged by 19.8%, while USDT deposits fell by 13.4%.
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Meanwhile, the broader cryptocurrency market continues to navigate a period of uncertainty. Xapo Bank’s performance is aligned with trends seen in other parts of the industry,…
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Despite Bitcoin’s underperformance in the first quarter of the year, there are signs of recovery.
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Xapo Bank’s performance in Q1 2025 illustrates that, even in times of price volatility, institutional investors continue to view Bitcoin as a valuable asset.
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