Crypto Daily™17 minutes ago

Published on March 22, 2025 23:36 GMT+00:00edited on March 22, 2025 23:39 GMT+00:00

A potential return to crypto-backed lending products could be on the cards as Gibraltar-based Xapo Bank launches new options.

The lending option will target long-term Bitcoin holders who might need access to cash but don't want to sell their digital assets. Many crypto holders choose to sit on their investments by holding them in secure Bitcoin wallets.

While the best crypto wallets will facilitate easy access and use, there are still many consumers who see crypto as an investment opportunity and choose to sit on it rather than use it as an active digital currency.

How the Loans Will Work

Xapo Bank now offers US Dollar loans of up to £1 million to customers and their product differs from previous crypto-backed loan products. They offer no collateral re-usage on BTC assets and store …