Xapo Bank, a Gibraltar-based private bank and Bitcoin custodian, reported a 14.2% growth in Bitcoin trading volume during the first quarter of 2025, reflecting the confidence of its high-net-worth members who bought Bitcoin amidst market volatility. Despite a 13% decline in Bitcoin prices, these investors demonstrated commitment to the cryptocurrency's long-term potential. Alongside this, Euro deposits at Xapo increased by 50% quarter-on-quarter, driven by concerns over the US dollar's future and speculations surrounding a US recession. Notably, USDC stablecoin deposits rose by 19.8%, while Tether deposits decreased by 13.4%. Gadi Chait, head of investment at Xapo, emphasized the importance of Bitcoin's long-term performance amid current volatility. In a related note, digital currency exchange Bitget also experienced significant trading volume surges, recording $2.1 trillion in total trading volume for Q1 2025, along with a rise in its user base by nearly 20%.

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