{"id":127179,"date":"2025-04-15T04:15:28","date_gmt":"2025-04-15T04:15:28","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127179"},"modified":"2025-04-15T04:15:28","modified_gmt":"2025-04-15T04:15:28","slug":"xapo-bank-sees-bitcoin-trading-surge-as-wealthy-investors-bought-the-dip","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127179","title":{"rendered":"Xapo Bank sees Bitcoin trading surge as wealthy investors bought the dip"},"content":{"rendered":"

Source: Cointelegraph.com NewsGibraltar-based Xapo Bank, a private bank and Bitcoin custodian, reported a surge in Bitcoin trading volumes in the first quarter as its high-net-worth members scooped up Bitcoin amid market turbulence.\u00a0
\nXapo Bank said that Q1 trading volume grew 14.2% compared to the Q4 2024, as the Bitcoin (BTC) price drop helped drive trading volume growth on its platform. It said that during the decline, its high net-worth members \u201cactively bought the dip,\u201d reflecting these members\u2019 \u201ccommitment to the long-term potential of Bitcoin.\u201d
\nIn the first quarter of 2025, Bitcoin had its worst start to a year since 2018, closing the quarter down 13%.\u00a0
\nThe crypto-friendly bank became the first licensed bank to launch interest-bearing Bitcoin and fiat banking accounts in the UK in 2025 and launched Bitcoin-backed USD loans of up to $1 million in March 2025.
\nXapo Bank\u2019s self-selected poll on X showed respondents favored using Bitcoin for savings and investment. Source: Xapo Bank It also recorded a 50% quarter-on-quarter jump in euro deposits. \u201cThis rapid increase in volume came amidst mounting concern about the future of US dollar primacy and the threat of a US recession as markets braced for Trump\u2019s planned \u2018Liberation Day\u2019 in April,\u201d the bank said.
\nThere were also significant shifts in Xapo members\u2019 stablecoin deposit patterns, with USDC deposits up 19.8% in Q1 and Tether (USDT) deposits down 13.4%. This shift comes as European cryptocurrency exchanges moved to delist Tether in order to comply with Markets in Crypto-Assets Regulation regulations.
\n\u201cXapo Bank member data shows that despite short-term headwinds, the bigger picture for Bitcoin remains strong and current volatility does not diminish Bitcoin’s importance,\u201d said Gadi Chait, Xapo Bank\u2019s head of investment.\u00a0
\nChait added that \u201cwhile global events painted an erratic picture, the opportunity for Bitcoin has always been in its long-term performance, not its short-term volatility.\u201d
\nRelated: Exclusive: Inside a Swiss nuclear bunker\u2019s secret Bitcoin vault
\nCrypto exchange Bitget also sees Q1 trading volumes surge
\nMarket turmoil also prompted a flurry of activity on digital currency exchange Bitget, according to its Q1 2025 Transparency Report.\u00a0
\nBitget\u2019s total trading volume hit $2.1 trillion in the first quarter of 2025, as spot trading volume saw a quarter-on-quarter increase of 159%, rising to $387 billion.
\nThis surge in trading volume came as Bitget\u2019s total user base grew by almost 20%, with the exchange adding an additional 4.89 million users on its centralized exchange and 15 million users on its Bitget Wallet app \u2014 bringing its total global user count to over 120 million.
\nBitget\u2019s CEO, Gracy Chen, said the exchange will continue to \u201cfocus on institutional-grade infrastructure and double down on expanding its Web3 presence through our ecosystem.\u201d
\nIn February, Bitget loaned rival exchange Bybit 40,000 ETH, valued at approximately $100 million, after Bybit suffered a major hack. The loan has since been fully repaid by Bybit.
\n\u201cNo interest, no collateral \u2014 this was simply about supporting a peer in need. Great to see Bybit fully recovered, and we never doubted the return of the loan,\u201d Chen said.\u00a0
\nMagazine: Bitcoin eyes $100K by June, Shaq to settle NFT lawsuit, and more: Hodler\u2019s Digest, April 6 \u2013 12Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsGibraltar-based Xapo Bank, a private bank and Bitcoin custodian, reported a surge in Bitcoin trading volumes in the first quarter as its high-net-worth members scooped up Bitcoin amid… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127179"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127179"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127179\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127179"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}