Xapo Bank Meta Title (2024)

FAQs

Is Xapo owned by Coinbase? ›

In 2019, Coinbase acquired Xapo Bank's institutional custody business.

Our unparalleled security starts with our status as a fully licensed bank and Bitcoin custodian. That means your fiat deposits are backed by guaranteed protections. Then there's our decentralised multi-party computation (MPC) technology and our global network of hidden bunkers protected by armed guards.

XAPO (pronounced 'Sapo') provides online banking services for cryptocurrencies.

As the CEO of Xapo, Seamus Rocca envisions a world where individuals have secure and convenient access to their digital assets, empowering them to participate fully in the digital economy. He understands the importance of building trust and transparency in the realm of cryptocurrency custody and wallet services.

Wenceslao Casares, also known as Wences Casares (born 26 February 1974) is an Argentinian entrepreneur and businessman in Silicon Valley–based fintech. He is the CEO of Xapo Bank, and founded Internet Argentina, Wanako Games, Patagon, Lemon Wallet, and Banco Lemon.

Your funds are protected, no matter what.

Our status as a regulated bank and VASP means there are guaranteed protections in place to ensure the safe return of your fiat funds, even if Xapo Bank were to close.

Xapo's entities are regulated by the Gibraltar Financial Services Commission (GFSC). The GFSC supervises and regulates both fiat currency and crypto activities, allowing us to offer our unique proposition by bridging the gap between traditional banking and cryptocurrency.

Xapo Bank is headquartered and fully regulated in Gibraltar. We established ourselves in the nation due to its strong banking protections and forward-thinking regulation for digital assets.

Payments with the Lightning Network can be done on the Xapo Bank app by following a few simple steps. We only support payments with pre-defined invoiced amounts and up to US $100 worth per transfer.

You should ensure a minimum balance of $150 in one of your accounts with Xapo Bank when ordering any physical card.

What is the revenue of Xapo Bank? ›

As of August 2024, Xapo Bank's annual revenue reached $35M.

How do I buy Bitcoin through the Xapo Bank app? Once you have added funds to your US dollar account, you can use your US dollars to purchase Bitcoin in the app. You can do so by following the steps below:Step 1 - Tap on Exchange. Step 2 - Tap on Swap to be able to exchange US dollars for Bitcoin.

Zimbabwe, Zambia, Yemen, Western Sahara, Venezuela (Bolivarian Republic of), Vanuatu, Ukraine, Uganda, Trinidad and Tobago, Tanzania, United Republic of Syrian, Arab Republic Sudan, Sri Lanka, South Sudan, Somalia, Sierra Leone, Senegal, Russian Federation, Qatar, Palestine, State of Pakistan, Panama, Nigeria, ...

Contact details – a personal email address and mobile phone number. A valid identity document – for identity verification purposes, we will scan your passport or national ID card so that we can compare it with a short video of you.

Largest shareholders include Vanguard Group Inc, Fmr Llc, BlackRock Inc., VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Susquehanna International Group, Llp, Citadel Advisors Llc, Susquehanna International Group, Llp, Paradigm Operations LP, State Street Corp, and VIMSX - Vanguard Mid-Cap Index Fund ...

The ownership structure of Coinbase Global (COIN) stock is a mix of institutional, retail and individual investors. Approximately 45.64% of the company's stock is owned by Institutional Investors, 10.07% is owned by Insiders and 44.30% is owned by Public Companies and Individual Investors.