• About Us
  • Careers
  • Contact
No Result
View All Result
Friday, September 19, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result

Xapo Bank Offers Interest-Bearing Bitcoin Accounts to UK Customers

5 August 2024
in Business, DeFi, News
Reading Time: 3 mins read
113 1
Home Business

Xapo Bank has introduced a new financial product allowing its UK customers to earn daily interest on their Bitcoin deposits.

The interest will be paid in Satoshis, the smallest unit of Bitcoin, with variable rates applicable to balances up to 5 BTC.

The bank’s new Bitcoin accounts reportedly offer 1% interest without requiring users to stake, lend, or lock up their cryptocurrency. Customers can also use Xapo’s debit card to spend their Bitcoin, send direct GBP payments to UK bank account banks in S&P 500 stocks, acquire select cryptocurrencies, and access stablecoin payment rails with USD bank accounts. However, Xapo has not disclosed how the interest yield is generated.

According to a new report from The Block, this new product offering comes after the Gibraltar-based digital payment provider’s expansion into the UK market. Although regulated by the Gibraltar Financial Services Commission in 2021, Xapo was not officially regulated in the UK until it passported its license to the UK via a scheme instituted by the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA), the Bank of England, and Gibraltar authorities.

Xapo Bank, founded in 2013 as a Bitcoin wallet provider, has evolved into a digital-first bank and Virtual Asset Service Provider (VASP) custodian. Its move comes amid a surge in interest in digital asset services in the UK, where fintech companies, including crypto-friendly apps, are increasingly seeking operational licenses.

Notably, the UK Law Commission recently recommended legal reforms to classify crypto assets as a new category of personal property, aiming to clarify property rights related to digital assets. The Bank of England and the FCA have also launched a consultation on a pilot program, tagged “Digital Securities Sandbox”, to test distributed ledger technology in securities trading and settlement. This initiative could significantly influence the future regulatory landscape for digital finance in the UK.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: BitcoinFCAUKXAPO
Share66Tweet42Share12
Previous Post

Zoth Raises $4 Million to its Expand Blockchain-Based Fixed-Income Product Offerings

Next Post

Trump Urges U.S. to Prioritize Crypto Industry Development to Keep Pace with China

Anuoluwapo Obisesan

Anuoluwapo Obisesan

Experienced in crafting clear, user-friendly documentation and compelling news reports. Passionate about technology and delivering impactful content. Collaborative team player dedicated to accuracy and clarity. When not writing, you'll find me hunkering down with a good book.

Related Posts

Real Estate on the Blockchain: Is Tokenization the Future?
DeFi

Real Estate on the Blockchain: Is Tokenization the Future?

18 September 2025
source: theblock.co
Blockchain

Bio Protocol Secures $6.9M to Accelerate AI-Driven Decentralized Science

18 September 2025
source: danielscrivner.com
Bitcoin

Bitcoin’s Lack of Yield Makes It Safer Than Ethereum — Luke Gromen

18 September 2025
source: techcrunch.com
Crypto

US AI and Crypto Czar David Sacks Denies Breaching Federal Service Limit Amid Scrutiny

18 September 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

Markets Update

Crypto, Privacy, and Judicial Authority in the United States

23 hours ago

Balancing Promise And Uncertainty As Crypto Enters UK Retirement Portfolios

1 day ago

India’s OECD Crypto Reporting Rules: Possible Impact on The Market

1 day ago

What’s Driving the Surge in Blocked Crypto Payments in the UK?

1 day ago

Is Crypto One Growth Cycle Away from 5 Billion Users?

1 day ago

From Rice Fields to Blockchain: Is Vietnam Becoming Asia’s New Crypto Hub?

5 days ago
Read More

Events

Korea Blockchain Week 2025
Korea Blockchain Week 2025
22 Sep 25
Seoul
Blockchain Life 2025
Blockchain Life 2025
28 Oct 25

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Origin Summit Announces Wave 3: Animation Powerhouse Maggie Kang to Join Programming Lineup

bychainwire
18 September 2025
0

iZUMi Finance and Nasdaq-Listed Company CIMG Co-Launch $20M Upstarts Fund

bychainwire
18 September 2025
0

BetFury is at SBC Summit Lisbon 2025: Affiliate Growth in Focus

bychainwire
17 September 2025
0

Bybit Q3 2025 Asset Allocation Report: Stablecoin Holdings Drop as Investors Pivot to SOL, XRP, and Altcoins

bychainwire
17 September 2025
0

Flipster Partners with WLFI to Advance Global Stablecoin Adoption Through USD1 Integration

bychainwire
17 September 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00