Xapo Bank’s Bitcoin trading volume rose by 14.2% in the first quarter compared to the last quarter of 2024. Wealthy members capitalized on the Bitcoin price drop by actively buying during the downturn, demonstrating their long-term commitment to Bitcoin.
Despite a challenging market in Q1 2025, Bitcoin faced its worst start since 2018, closing down 13%. This did not hinder high-net-worth clients from investing, as they took advantage of lower prices.
Xapo Bank launched new financial products, including interest-bearing Bitcoin accounts and USD loans of up to 1,000,000 USD. Additionally, there were notable shifts in stablecoin deposits, with USDC up by 19.8% and Tether down by 13.4%.
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