Bison, a Böerse Stuttgart Group cryptocurrency trade site, has added a new stake service for Ethereum users that protects them against common risks. With this function, users can bet as little as 0.005 Ethereum (ETH) and get rewards every week.
The service is backed by top German companies like Munich Re, which is one of the biggest reinsurers in the world, and Staking Facilities, which is a specialist in staking. The insurance is mainly meant to protect users from cutting, which is when validators are punished for bad behavior on the network and could lose staked ETH. The insurance covers more than just slashing. It also covers threats like technology mistakes, business fails, and fraud.
With this guaranteed staking service, users can feel safe using the Ethereum network because their assets are protected from different staking risks. Böerse Stuttgart Digital Custody, a registered company controlled by Germany’s Federal Financial Supervisory Authority (BaFin), safely holds all assets staked through the platform. This makes sure that strict financial standards are met.
People are becoming more interested in coin staking as a way to make idle income, which is when Bison’s newest product comes out. The site gives 2-5% interest per year on staked ETH, but these rates can change based on how the network is doing. Bison also wants to add support for other cryptocurrencies to the service in the future.
Since it started, the site has quickly become popular, mostly with people in Germany, Austria, and Switzerland. Bison is adding more services to its list of offerings to strengthen its place in the European crypto market. It already has more than 840,000 registered users. Through its relationship with DZ Bank, Bison is also helping to give nearly 700 cooperative banks that are part of DZ Bank access to cryptocurrencies. This makes it possible for more people in Europe to trade cryptocurrencies.
Bison’s move into insured staking is part of a larger trend to combine traditional financial safety measures with new blockchain technologies. This gives buyers a safe and reliable way to interact with the digital asset environment.
