Xapo Bank Reports Significant Increase in Bitcoin Trading Volume for Q1 2025 Despite Market Volatility
news
2 min read
Xapo Bank Reports 14.2% Increase in Bitcoin Trading Volume for Q1 2025
Gibraltar-based Xapo Bank has released its quarterly report, revealing a significant surge in Bitcoin trading volume during the first three months of 2025. Despite the cryptocurrency market’s tumultuous start to the year, marked by a 13% price decline, the institution’s clients exhibited a remarkable resilience and commitment to the digital asset.
According to the report, Xapo Bank witnessed a substantial 14.2% increase in Bitcoin trading volume compared to the previous quarter. This growth is attributed to high-net-worth individuals taking advantage of the market downturn, demonstrating their faith in Bitcoin’s long-term potential rather than its short-term volatility.
Interestingly, this growth in trading activity coincides with Xapo Bank’s recent launch of interest-bearing Bitcoin and fiat banking accounts in the UK. The institution has also expanded its services by introducing a feature that allows customers to use Bitcoin as a savings tool.
Gadi Chait, Xapo Bank’s head of investment, emphasized the bank’s focus on Bitcoin as a long-term asset, stating that “while global events painted an erratic picture, the opportunity for Bitcoin has always been in its long-term performance, not its short-term volatility.” This sentiment is further supported by the results of a self-conducted poll conducted by Xapo Bank, which showed that respondents primarily favor using Bitcoin for savings and investment purposes.
The data from both Xapo Bank and Bitget, another major cryptocurrency exchange, suggests continued strong interest in crypto trading and investment. Notably, institutional-grade infrastructure remains at the forefront of Bitget’s focus, while expanding its Web3 presence through various products.
In related news, Bitcoin has recently rebounded to around $85,000, following a recovery from its low point of $74,500.
Source: https://blockonomi.com/xapo-bank-reports-14-2-increase-in-bitcoin-trading-volume-for-q1-2025/
