Swiss Bank PostFinance Launches Accessible Crypto Staking for 2.7 Million Customers

January 19, 2025
Swiss Bank PostFinance Launches Accessible Crypto Staking for 2.7 Million Customers
  • Staking 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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