Xapo Crypto Bank Secures European Broker License, Expanding to Offer Stocks Including Apple

Crypto Bank Xapo Snags European Broker License, Will Offer Stocks Like Apple

Starting with a wallet, a cold-storage custody vault, and a reserve of 30,000 bitcoin (BTC) back in 2013, Xapo later established a presence in Gibraltar under its virtual asset service provider (VASP) framework. Since commencing the process in 2019, Xapo has obtained a banking license, achieved principal membership with Visa and Mastercard, and gained membership in SWIFT (the global system through which banks exchange money). This means the company can directly interact with correspondent banks, bypassing payment companies or third parties, and has access to money market accounts.

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