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Xapo Bank launches BTC collateralized loan service, supporting up to $1 million limit
On March 18, according to Crowdfundinsider, Xapo Bank, a Gibraltar-based cryptocurrency-friendly bank, announced the launch of USD loans collateralized by BTC. Users can obtain a credit limit of up to 1 million USD by holding BTC as collateral, with flexible loan terms (30 days to 1 year) and no penalties for early repayment, to promote BTC as a long-term asset value storage and liquidity tool.