Xapo Bank

Xapo Bank (Xapo Bank Limited)

Xapo Bank is a Gibraltar-headquartered private bank that offers banking services designed to combine U.S. dollar (USD) accounts with Bitcoin and other digital-asset functionality in a single, app-based product. (xapobank.com)

Corporate identity and regulation

• The operating entity is Xapo Bank Limited, a private limited company incorporated in Gibraltar (Company No. 111928) with a registered office at 2 Irish Town, Gibraltar GX11 1AA. (legal.xapobank.com)
• Xapo Bank Limited is authorised and regulated by the Gibraltar Financial Services Commission (GFSC) as a credit institution (i.e., a bank permitted to accept deposits). (legal.xapobank.com)
• Xapo also operates a separate Gibraltar-regulated digital-asset business (described by Xapo as a Virtual Asset Service Provider (VASP) / DLT-regulated provider) to support crypto-asset services. (xapobank.com)

What it offers

Xapo Bank markets itself as “Bitcoin-enabled” banking, typically centered on:

• USD banking alongside Bitcoin custody/transactions (and support for stablecoins is also advertised in its payments positioning). (xapobank.com)
• A debit card and cross-border payments features. (en.wikipedia.org)
• An investing/wealth component (Xapo has published policies describing how it transmits member orders under its regulatory obligations). (legal.xapobank.com)

Xapo states that USD deposits may be protected up to the equivalent of GBP 120,000 under the Gibraltar Deposit Guarantee Scheme, and that certain investments may be covered under Gibraltar’s investor compensation arrangements (subject to eligibility and the scheme rules). (xapobank.com)

History (high level)

• Xapo traces its origins to 2013 and is widely associated with entrepreneur Wences Casares. (forbes.com)
• The business is known in the Bitcoin industry for an early focus on secure custody, including the use of specialized storage and security procedures. (forbes.com)
• Xapo’s institutional custody business was sold to Coinbase in 2019, after which Xapo focused more on retail/private banking-style services. (trustpilot.com)

Availability and social media

• Public descriptions of the service indicate it operates internationally, and is commonly described as serving customers outside the United States. (en.wikipedia.org)
• The Twitter/X handle you referenced (@xapoprivatebank) has been used in public announcements about Xapo Bank features (for example, Lightning Network and USDC-related announcements reported by third parties). (forklog.com)
• Xapo Bank also appears publicly under @xapobankapp in third-party Twitter/X profile aggregations. (twstalker.com)