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Xapo Bank is a private bank headquartered in Gibraltar, which operates globally and is licensed as a virtual asset currency provider by the Gibraltar Financial Services Commission. [ 1 ] [ 2 ] [ 3 ] As of 2023, the company offers stock market trading to its clients in Europe.
That bank is still going today, with 25,000 Bitcoins (worth around $1.3 billion!) on its balance sheet—a reminder that many of those crypto founders in the early days got very, very rich.
Casares is the founder of Xapo Bank, a private bank for Bitcoin whales worldwide based in the UK. [15] Xapo is said to be the largest custodian of bitcoin in the world and is believed to hold as much as $10 billion of the cryptocurrency in underground vaults on five continents, including in a former Swiss military bunker.
Gibraltar Trust Bank - est. 1987 as a joint venture with Credit Suisse. In 1991 Credit Suisse wholly acquired Gibraltar Trust, which is now Credit Suisse (Gibraltar) Barclays Bank PLC; The Anglo-Egyptian Bank (later Barclays) opened a branch in Gibraltar in 1888, and withdrew from the Rock in 2015. Lloyds, closed in late 2019.
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Xapo Bank; This page was last edited on 7 July 2024, at 09:57 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...
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