Xapo Bank Unveils Bitcoin-Backed Loans

Xapo Bank has launched a Bitcoin-backed loan service, enabling eligible members to obtain USD loans without selling their Bitcoin.

Available through the Xapo Bank app, members can access up to $1 million with flexible repayment options.

The bank emphasized that this service allows members to leverage their Bitcoin as collateral for credit, avoiding the need to sell their assets.

Aiming to support long-term Bitcoin investors, Xapo Bank offers a transparent and flexible loan process. Eligible members can use an in-app calculator to determine borrowing limits.

During the application, members select their loan amount, with personalized limits up to $1,000,000, and can see the final repayment amount and interest rate clearly.