XAPO Bank based in Gibraltar, a private bank and Bitcoin guardian, reported an raise in the number of Bitcoin trade in the first quarter, because members with high net value collected bitcoins in connection with market turbulence.
Xapo Bank said that the Volume Q1 increased by 14.2% compared to the fourth quarter of 2024, because the decrease in the Bitcoin (BTC) price helped raise the raise in the volume of trading on its platform. He said that during the fall, his high net value “actively bought a dip”, reflecting “the involvement of these members in the long -term potential of Bitcoin.”
In the first quarter of 2025, Bitcoin had the worst start since 2018, closing the quarter by 13%.
The cryptocurrency genial bank became the first licensed bank that introduced Bitcoin and FIAT bank accounts in Great Britain in 2025 and launched loans to Bitcoin in the amount of up to $ 1 million in March 2025.
The XAPO Bank self -appointed survey on X showed that respondents favored by Bitcoin for savings and investment. Source: Xapo bank
He also reported a 50% quarter jump in euro deposits. “This rapid increase in the volume occurred among the growing fears of the future of the primacy of the American dollar and the threat of recession in the USA, because the markets prepared for the planned” Liberation Day “of Trump in April,” said the bank.
There have also been significant shifts of Stablecoin deposits of XAPO members, with USDC deposits by 19.8% in Q1 and Tether (USDT) will fall by 13.4%. This change occurs when European cryptocurrency exchanges moved to Tether in order to comply with markets in the regulations regarding cryptocurrency regulation.
“Data on members of the XAPO bank show that despite short -term winds, a larger Bitcoin picture remains strong, and the current variability does not reduce the meaning of Bitcoin,” said Gadi Chait, head of the XAPO Bank investment.
Chait added that “while global events painted an irregular picture, the chance of bitcoins has always been in a long -term result, not a short -term variability.”
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Crypto Exchange Bitget also sees an raise in the number of turnover Q1
Market confusion also caused an avalanche of activity on the digital exchange of bitget currencies, According to to the transparency report Q1 2025.
The total volume of Bitget trading reached USD 2.1 trillion in the first quarter of 2025, because the volume of point turnover recorded an raise of 159%of the quarter by 159%, and increased to USD 387 billion.
This raise in the volume of trading arrived when the total Bitget user base increased by almost 20%, with the stock exchange added an additional 4.89 million users on its centralized exchange and 15 million users in the Bitget Portfolio application – increased the total global number of users to over 120 million.
The General Director of Bitget, Gracy Chen, said that the stock exchange would continue to “focus on the institutional class infrastructure and will double on the extension of the presence of Web3 with our ecosystem.”
In February, Bitget borrowed the competing Bybit Stock Exchange 40,000 ETH, worth about $ 100 million, after Bybit suffered a sedate hack. Since then, the loan has been fully repaid by Bybit.
“Without interest, without security – it was simply about supporting the need. It was great to see how Bybit fully regained, and we never doubted the return of the loan,” said Chen.
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