Xapo Bank, based in Gibraltar, a private financial institution known for its crypto -oriented services, reported a significant increase in Bitcoin negotiation activity during the first quarter of 2025.
The bank revealed that the negotiation volumes on its platform increased by 14.2% compared to the previous quarter, largely drawn by its customers with high networkers, taking advantage of the drop in Bitcoin prices to increase their assets.
Bitcoin has endured its worst quarterly performance since 2018, ending the first quarter of 13%.
Xapo Bank customers buy the drop, betting on the long -term value of bitcoin
Despite the slowdown, Xapo Bank said that its wealthy members had remained confident in the long -term value of digital assets and actively “bought the decline” during periods of market turbulence.
The bank interpreted this behavior as a sign of growing maturity among experienced investors in cryptographic space.
Xapo Bank continued to extend his Crypto-Banque services suite.
In March 2025, the company introduced USD loans supported by Bitcoin up to $ 1 million. Earlier in the year, he became the first approved bank in the United Kingdom to offer Bitcoins and Fiat nuclea accounts.
In addition, the bank recorded a 50% quarterly increase in deposits denominated in euros, which it has attributed to increasing concerns concerning the domination of the US dollar and fears of an American recession which is looming in political uncertainty within the framework of the Trump administration.
The bank has also noted changes in the use of stablescoin among its members.
USDC deposits have increased by almost 20%, while Tether’s deposits (USDT) decreased by more than 13%, a trend probably influenced by new European regulations that prompted exchanges to bring the attachment to comply with EU markets in crypto-active (Mica) regulations.
If you could spend Bitcoin anywhere, what would your first purchase be?
– Xapo Bank (@xapobankapp) March 11, 2025
“The data of the members of the Xapo bank show that despite the short -term opposite winds, the situation in its Bitcoin set remains strong,” said Gadi Chait, head of investment at Xapo Bank.
“The opportunity with Bitcoin has always been a long -term performance, not daily volatility.”
Bitget reports strong growth in the middle of a wider market activity
Elsewhere on the market, Bitget also reported major growth during the same period.
According to its T1 2025 transparency report, the total trading volume of the stock market reached $ 2.1 billions of dollars, the punctual trading volume increasing by 159% to $ 387 billion.
The Bitget user base has also developed rapidly, adding nearly 5 million new centralized exchanges users and bringing its total user of global users to more than 120 million.
The company also drew attention earlier this year to have extended an ETH ETH loan without an interest and non -collateral of $ 100 million to a rival exchange assessment as a result of hacking.
As indicated, the first quarter of 2025 experienced a significant decline in the market, a divergence between the price and the feeling, and a transition to fundamental technology, according to the Q1 2025 report in CoinmarketCap.
The report concludes that the first quarter of 2025 recorded “a large withdrawal from the market”.
The reasons are in the underperformance of Bitcoin (BTC) and Ethereum (ETH), the drop in retail activity, macro uncertainty, a surge in the Stock Exchange (ETF), regulatory doubts and a decrease in the interests of investors resulting in liquidity.
Overall, the volume of exchanges fell 40.65% in the first quarter, while the feeling of the market has reached its lowest point since the beginning of 2023.
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