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Xapo Bank Launches Bitcoin-Backed Loans Up to $1 Million Amid $3.25 Billion Valuation

Xapo Bank has launched a new offering of bitcoin-backed loans.
By: DeepNewz • March 18, 2025
Xapo Bank Launches Bitcoin-Backed Loans Up to $1 Million Amid $3.25 Billion Valuation

Xapo Bank, a crypto wealth management firm valued at $3.25 billion, has launched a new offering of bitcoin-backed loans. Customers can access loans of up to $1 million, marking the bank's entry into the bitcoin lending market. The initiative aims to provide an alternative to what the bank describes as 'predatory' lending practices prevalent among some crypto lenders. This move highlights the growing trend of financial institutions exploring cryptocurrency-backed services to enhance customer offerings.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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