
While the exact fees are confidential, both companies have promised more competitive rates than the usual 2% management and 20% performance fees in traditional hedge funds.
First Bitcoin-enabled bank to integrate fiat with crypto.
Xapo Bank is a private bank headquartered in Gibraltar, which operates globally and is licensed as a virtual asset currency provider by the Gibraltar Financial Services Commission. The company originally established to offer a Bitcoin wallet service that combined cold storage vaults with a bitcoin-based debit card. In 2021, Xapo exited the United States market.
While the exact fees are confidential, both companies have promised more competitive rates than the usual 2% management and 20% performance fees in traditional hedge funds.
Xapo Bank offers a unique 1% interest yield on Bitcoin without the need for staking, lending, or locking up assets.
Xapo is also expected to expand beyond its Bitcoin-only by allowing customers to trade Ether as well.