Xapo Bank Launches Bitcoin-Backed Loans Amid Crypto Boom
Xapo Bank has made waves in the financial world by launching a new loan service that allows customers to leverage their Bitcoin as collateral, a significant step towards integrating cryptocurrency into mainstream finance.
On March 19, 2025, the Gibraltar-based bank announced the service, permitting qualified members to borrow up to $1 million against their Bitcoin holdings. However, customers from the UK and Australia are notably excluded from this offering.
As one of the first banks to establish a physical presence in Europe amid the pandemic’s cryptocurrency boom, Xapo has positioned itself as a pioneer in the banking sector. The bank has earned a reputation for adopting cryptocurrency services early, having set up…
