Swiss state-owned bank PostFinance has announced its latest crypto initiative by introducing staking services for Ethereum, the world’s second-largest cryptocurrency by market capitalization.
On 16 January 2025, PostFinance, one of Switzerland’s leading financial institutions, highlighted the bank’s commitment to embracing blockchain technology and catering to the evolving needs of its customers in the digital asset space.
“The service now also includes a “staking” functionality. For the time being, the new “staking” option will be available in e-finance and in the PostFinance App for the cryptocurrency Ethereum,” the announcement said. “The plan is to connect other cryptocurrencies in the near future.”
Is this a major step towards mainstream adoption in the Swiss financial sector?
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PostFinance Makes A Strategic Entry Into Ethereum Staking
Swiss state-owned bank PostFinance steps into crypto, offering Ethereum staking services.
A big move towards mainstream adoption in the Swiss financial sector! #Crypto #Ethereum #Bitcoin pic.twitter.com/Zgh8BOw8Pa
— Pan (@Pan_Ecosystem) January 17, 2025
Ethereum staking involves locking up ETH tokens to support the network’s proof-of-stake (PoS) consensus mechanism.
In return, participants are rewarded with additional tokens as an incentive for validating transactions and maintaining network security.
With this move, PostFinance aims to provide its customers with a seamless way to generate passive income while contributing to the sustainability of the Ethereum blockchain.
PostFinance’s decision to introduce Ethereum staking is part of a broader strategy to expand its digital asset services. According to the bank’s statement, plans are already underway to add staking options for other cryptocurrencies in the near future.
This diversification will likely appeal to a wider audience of crypto enthusiasts and investors seeking opportunities beyond traditional banking products.
The move comes at a time when staking has gained significant traction in the cryptocurrency ecosystem.
As more blockchains transition from energy-intensive proof-of-work (PoW) models to environmentally friendly PoS systems, staking has become an attractive option for both retail and institutional investors.
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According to Swissquote, heightened interest in crypto trading during 2023 has significantly contributed to its performance.
The company’s early adoption of digital asset trading platforms has allowed it to cater to the increasing appetite for cryptocurrencies among retail and institutional investors alike.
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