Connect with us

Hi, what are you looking for?

Eth
Eth

Cryptocurrency

PostFinance introduces Ethereum staking for Swiss customers

PostFinance, a Swiss state-owned bank, now offers Ethereum staking to its 2.7 million customers, with a minimum stake of 0.1 ETH. The bank’s growing presence in the cryptocurrency market includes the service, which involves a 12-week lock-up period before delivering incentives.

PostFinance, Switzerland’s state-owned financial company, now offers Ethereum staking to its 2.7 million customers. Customers can stake as little as 0.1 Ether starting January 16, with a set 12-week lock-up period before accessing staking rewards.

This approach demonstrates PostFinance’s continued commitment to incorporating blockchain technology into its offerings. The bank’s new staking service connects directly to the Ethereum blockchain, allowing users to manage their staked Ether alongside their other crypto assets via PostFinance’s existing website.

Although only Ether staking is now available, the bank intends to extend staking services for other cryptocurrencies in the future. This move is part of PostFinance’s larger goal to improve its crypto services, following a previous agreement with Sygnum Bank that enabled crypto trading and custody services in 2023.

The launch of Ethereum staking establishes PostFinance as a prominent player in Switzerland’s burgeoning blockchain ecosystem, demonstrating the country’s progressive attitude toward digital currencies. This development also highlights the expanding use of blockchain technology in the financial industry, indicating a trend toward combining traditional banking with new decentralized finance.

author avatar
Alex
Formally freelance blogger Alex is passionate writer with interest in Finance and Business, fascinated about crypto following news and covering stories.
Advertisement

You May Also Like

Business

A legal dispute has broken out over the US Treasury Department purportedly giving Elon Musk's Department of Government Efficiency (DOGE) unprecedented access to sensitive...

Business

Blocksquare has established a pioneering real estate tokenization framework in Luxembourg that combines blockchain technology with land registries to provide legally binding property rights....

Business

Telegram's choice to exclusively use The Open Network (TON) blockchain for Web3 services has sparked discussion in the crypto world. While some see it...

Cryptocurrency

The real-world asset (RWA) tokenization market has reached a record high of $17.1 billion onthe blockchain. RWA tokens have outperformed broader digital assets, indicating...

polkadot
Polkadot (DOT) $ 4.59 3.65%
bitcoin
Bitcoin (BTC) $ 97,245.05 0.56%
ethereum
Ethereum (ETH) $ 2,709.36 4.24%
cardano
Cardano (ADA) $ 0.715021 5.24%
xrp
XRP (XRP) $ 2.35 3.62%
stellar
Stellar (XLM) $ 0.322969 3.77%
litecoin
Litecoin (LTC) $ 103.49 2.56%