Bitcoin Loans Launched by Xapo Bank

Xapo Bank Introduces Bitcoin-Backed Loans

• Xapo Bank now accepts Bitcoin as collateral for loans up to $1 million.
• The service is unavailable to customers in the UK and Australia.
• Bitcoin used as collateral is stored securely until loan repayment.
• Xapo was among the first crypto banks to establish a headquarters in Gibraltar.
• The bank gained regulatory approval in the UK for interest-bearing Bitcoin accounts last year.

Xapo Bank has launched a new service allowing Bitcoin-backed loans up to $1 million, excluding customers from the UK and Australia. The bank securely holds Bitcoin as collateral until loans are repaid, expanding its offerings following regulatory approval in the UK last year.