But their bank account may be attractive for people who're looking for cryptocurrency-friendly bank, since some bank explicitly forbid cryptocurrency-related transaction[1].
[1] https://azc.news/a-major-uk-bank-officially-bans-cryptocurrency-transactions-id22522/ (https://azc.news/a-major-uk-bank-officially-bans-cryptocurrency-transactions-id22522/)
I think I heard of this Xapo some years ago though I never got any account with them in any way. I search the site of Xapo (https://www.xapobank.com/en/faq/building-your-wealth/how-is-xapo-regulated-2) and I learn that this is registered mainly and headquartered in Gibraltar: "Xapo's entities are regulated by the Gibraltar Financial Services Commission (GFSC). The GFSC supervises and regulates both fiat currency and crypto activities, allowing us to offer our unique proposition by bridging the gap between traditional banking and cryptocurrency." And now that has successfully gotten a license to do business in UK, am sure Xapo is entering a new phase of its colorful history since 2013. People in UK now got a good option if they are looking for a bank that is dealing with cryptocurrency and I understand that Xapo is also introducing many innovations their customers will love so good luck to them and may they end up with a good volume of business in this region.Thanks for giving us some overview of the exchange as I did not know about it before it is my first time hearing about Xapo. Till now I have heard that crypto is not encouraged by the government as they want it to be blocked fully but considering that information if it's not wrong then the entrance of xapo in the UK will streamline the ways for people to do trading and other transactions in fiat to crypto and vice versa very easily.