Xapo Bank, a crypto wealth management firm, has launched a new service that allows clients to take out Bitcoin-backed loans of up to $1 million. This offering is aimed at both individual and institutional clients looking to leverage their Bitcoin holdings without the need to sell them. By using Bitcoin as collateral, borrowers can access liquidity while retaining ownership of their assets. This development marks a significant step in the ongoing integration of crypto assets into traditional financial services, as banks and financial institutions begin to recognize the potential of cryptocurrency as a viable asset class. With the rising popularity of crypto loans, Xapo Bank is positioning itself to serve a growing market of clients who are eager to utilize their digital assets for financial flexibility.

Source đź”—