This shift comes as European cryptocurrency exchanges moved to delist Tether in order to comply with Markets in Crypto-Assets Regulation regulations.“Xapo Bank member data shows that despite short-term headwinds, the bigger picture for Bitcoin remains strong and current volatility does not diminish Bitcoin's importance,” said Gadi Chait, Xapo Bank’s head of investment. Chait added that “while global events painted an erratic picture, the opportunity for Bitcoin has always been in its long-term performance, not its short-term volatility.”Related: Exclusive: Inside a Swiss nuclear bunker’s secret Bitcoin vaultCrypto exchange Bitget also sees Q1 trading volumes surgeMarket turmoil also prompted a flurry of activity on digital currency exchange Bitget, according to its Q1 2025 Transparency Report. Bitget’s total trading volume hit $2.1 trillion in the first quarter of 2025, as spot trading volume saw a quarter-on-quarter increase of 159%, rising to $387 billion.
It said that during the decline, its high net-worth members “actively bought the dip,” reflecting these members’ “commitment to the long-term potential of Bitcoin.”In the first quarter of 2025, Bitcoin had its worst start to a year since 2018, closing the quarter down 13%. The crypto-friendly bank became the first licensed bank to launch interest-bearing Bitcoin and fiat banking accounts in the UK in 2025 and launched Bitcoin-backed USD loans of up to $1 million in March 2025.
Gibraltar-based Xapo Bank, a private bank and Bitcoin custodian, reported a surge in Bitcoin trading volumes in the first quarter as its high-net-worth members scooped up Bitcoin amid market turbulence. Xapo Bank said that Q1 trading volume grew 14.2% compared to the Q4 2024, as the Bitcoin (BTC) price drop helped drive trading volume growth on its platform.
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Author / Journalist: Cointelegraph by Jody McDonald
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