{"id":64101,"date":"2023-11-09T16:49:40","date_gmt":"2023-11-09T20:49:40","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=64101"},"modified":"2023-11-09T16:50:41","modified_gmt":"2023-11-09T20:50:41","slug":"xapo-bank-adds-ethereum-cardano-polygon-crypto-assets","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/xapo-bank-adds-ethereum-cardano-polygon-crypto-assets\/","title":{"rendered":"Xapo Bank Adds Ethereum, Cardano, Polygon Crypto Assets"},"content":{"rendered":"\n

Xapo Bank<\/a> announced that it has added three cryptos to its platform: Ethereum (ETH), Cardano (ADA) and Polygon (MATIC).<\/p>\n\n\n\n

\"Xapo
Xapo Bank Adds Ethereum, Cardano, Polygon Crypto Assets<\/figcaption><\/figure>\n\n\n\n

Prior to 2018, the bank\u2014which obtained a complete banking license in Gibraltar\u2014only permitted its clients to retain fiat currencies<\/a>, including US dollars and British pounds, as well as Bitcoin and stablecoins like USDC and Tether.<\/p>\n\n\n\n

According to Xapo CEO Seamus Rocca, the company wants to give its customers a “one-stop shop” for investing in digital assets by branching out into other well-known cryptocurrencies like ETH, ADA, and MATIC.<\/p>\n\n\n\n

\n

“Although Xapo is best known for providing Bitcoin Custody Services, we cannot ignore member demand and therefore we are giving access to other prominent cryptocurrencies”<\/p>\n<\/blockquote>\n\n\n\n

Through Gibraltar's deposit insurance scheme, Xapo Bank ensures cryptocurrency deposits of up to $100,000 and keeps its customers' money in segregated accounts. <\/p>\n\n\n\n

The bank claims that institutional-grade security is provided by its multi-party computation\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> (MPC) system, which shards encryption keys into fragments across several sites.<\/p>\n\n\n\n

The decision is made amid a sharp increase in cryptocurrency values this year, with Bitcoin climbing from $16,550 at the start of the year to $37,500 now. The prices of Ethereum and other well-known cryptocurrencies have increased similarly.<\/p>\n\n\n\n

Xapo is placing a wager on the rising long-term demand for digital assets<\/a>. Customers of the bank are allowed to keep stablecoins and invest in US stocks in addition to the new cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Xapo Bank announced that it has added three cryptos to its platform: Ethereum (ETH), Cardano (ADA) and Polygon (MATIC). Prior to 2018, the bank\u2014which obtained a complete banking license in Gibraltar\u2014only permitted its clients to retain fiat currencies, including US dollars and British pounds, as well as Bitcoin and stablecoins like USDC and Tether. According […]<\/p>\n","protected":false},"author":43,"featured_media":64103,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5667,13648],"class_list":["post-64101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cryptocurencies","tag-xapo-bank"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/croc_1699560038490.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/64101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=64101"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/64101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/64103"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=64101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=64101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=64101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}