Xapo CEO: Wealthy Bitcoin Holders Shift to Loans and Yield as Market Matures
- —Xapo clients borrow against BTC instead of selling their holdings
- —About 45% of customers earn interest on dollar savings paid in bitcoin
- —Base rate on dollar savings is 4.1%, with a 4.6% introductory rate
- —Membership costs $1,000 a year and includes custody, investments and lending
Why it matters: The shift from speculation to yield and bitcoin-backed lending signals a maturing market and growing demand for private banking around crypto wealth.
Source: Cryptonews.net