Xapo Bank: record Bitcoin (BTC) trading volume in Q1 2025

Xapo Bank, a regulated bank based in Gibraltar, announced that in Q1 2025 it recorded record trading volumes of Bitcoin (BTC). This represents an increase of +14.2% compared to the previous quarter.

Xapo Bank and the record volumes of Bitcoin (BTC) in Q1 2025

Xapo Bank has published its Q1 2025 report, where the new record of Bitcoin (BTC) trading volume emerges.

This is an increase of +14.2% compared to the previous quarter, probably due to the initial emphasis of the crypto community on the ATH recorded by BTC. 

In fact, in February, when BTC has now fallen below the threshold of $100,000, the platform reported having recorded 50.7% of BTC purchase orders, an increase compared to the average of 41% in Q4 2024. 

Not only, in general, the surge in trading activity on Xapo Bank has been attributed to the strong deposits in euro and USDC. 

Specifically, it seems that euro deposits at Xapo Bank have increased by 50% in terms of total volume, while deposits in USDC have increased by 19.8%.

Regarding i depositi in Tether (USDT), the bank of Gibraltar notes a decline of 13.4%.

Xapo Bank continues with the Bitcoin-first approach in the long term

Despite the bear market crypto of recent times, Xapo Bank seems to want to continue with its Bitcoin-first approach in the long term. 

To say it is Gadi Chait, head of investments at Xapo Bank, who stated the following:

“The data from Xapo Bank members show that, despite short-term headwinds, the overall picture for Bitcoin remains strong and the current volatility does not diminish the importance of Bitcoin. As a benchmark of the digital currency ecosystem, Xapo remains firmly committed to prioritizing Bitcoin.”

Last month, Xapo Bank announced the launch of a new financial product dedicated to BTC holders. The initiative allows pre-approved customers to obtain loans in USD up to $1 million, using BTC as collateral. 

The price of BTC

Like Xapo Bank, HTX Exchange also seems to have recorded record numbers in this Q1 2025.

Yet, the price of BTC from January to March, up to today included, has totally decreased. 

In fact, while on January 22, 2025, BTC surpassed $106,000, from February 5, 2025, the price of BTC fell below the $100,000 threshold without touching it again. In fact, March 2025 ended with BTC worth just over $82,000. 

Coming to the present day, then, BTC is just in a pump of 2% compared to a month ago. At the time of writing, BTC is worth $85,465.
In terms of market sentiment, today the Bitcoin Fear and Greed Index is at a score of 38, placing it in the “neutral” zone.