Swiss Bank PostFinance Launches Accessible Crypto Staking for 2.7 Million Customers
January 19, 2025Staking involves locking crypto assets to help secure a blockchain, with users receiving regular rewards in return.
As the first systemically important bank in Switzerland to offer crypto staking, PostFinance is enhancing its role in the growing crypto market.
Currently, the staking service supports only Ethereum (ETH), but PostFinance plans to expand to additional cryptocurrencies in the future.
The service allows customers to start staking with a minimum deposit of just 0.1 Ether, making it accessible compared to the typical requirement of 32 Ether.
Currently, over 33 million Ether are staked on the Ethereum network, a significant increase from just 682,000 Ether staked in late 2020.
Dr. Alexander Thoma, Head of Digital Assets at PostFinance, highlighted that staking rewards will be visible alongside other assets on customer statements for easier tracking.
PostFinance, a Swiss state-owned bank, has launched a crypto staking service on January 16, 2025, allowing its 2.7 million customers to earn passive income by staking cryptocurrencies.
The Ether staking service requires a minimum staking term of twelve weeks and permits customers to sell credited staking rewards.
The staking service employs native staking on the Ethereum blockchain, ensuring transparency and security for users.
This new staking service is an extension of PostFinance's existing crypto trading and custody solutions, which began in February 2024.
Designed to be simple and secure, the service enables investors to earn passive income without complex management processes.
The introduction of the staking service signifies PostFinance's commitment to integrating digital assets into traditional banking, with plans to broaden customer options in the crypto market.
Summary based on 2 sources
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Sources
Cointelegraph • Jan 17, 2025
Swiss state-owned bank PostFinance launches ETH stakingLive Bitcoin News • Jan 19, 2025
PostFinance Becomes First Swiss Bank to Offer Crypto Staking | Live Bitcoin News