Why does Xapo Bank give members exposure to cryptocurrencies?
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While many banks globally express concern over the increasing popularity of cryptocurrencies, some, like Xapo Bank, have adopted a more embracing approach and consider the huge potential that cryptocurrencies offer. Xapo Bank is committed to offering its members safe and well-considered exposure to cryptocurrencies. As a licensed and regulated bank and Virtual Asset Service Provider, we operate in a controlled environment. For each cryptocurrency we offer, we carefully evaluate factors like market capitalisation, age, hashing algorithm, and more. This ensures our offerings are both secure and reliable, and our members are protected.
Why does Xapo Bank give members exposure to cryptocurrencies?
While many banks globally express concern over the increasing popularity of cryptocurrencies, some, like Xapo Bank, have adopted a more embracing approach and consider the huge potential that cryptocurrencies offer. Xapo Bank is committed to offering its members safe and well-considered exposure to cryptocurrencies. As a licensed and regulated bank and Virtual Asset Service Provider, we operate in a controlled environment. For each cryptocurrency we offer, we carefully evaluate factors like market capitalisation, age, hashing algorithm, and more. This ensures our offerings are both secure and reliable, and our members are protected.
Xapo Bank allows its members to buy, hold, sell, and transact Bitcoin directly via its app, as well as buy, sell, and hold Ethereum, Cardano, and Polygon, with their own transaction features expected to be added in the future. This makes Xapo Bank the first regulated bank globally to give access to such services.
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