Swiss state-owned bank PostFinance launches ETH staking
PostFinance, a Swiss government-owned retail bank, is now offering Ether staking services to its 2.7 million customers, representing about a quarter of Switzerland's population. The service, detailed in a January 16 blog post, includes a minimum investment term of twelve weeks, allowing customers to sell their staking rewards. The bank plans to allow staking with as little as 0.1 Ether, approximately $331. According to Alexander Thoma, head of digital assets at PostFinance, the service is fully integrated into the bank's existing offerings, allowing customers to view their staking rewards alongside other crypto assets. At present, only Ether is available for staking, although the bank intends to include other cryptocurrencies in the future. With over 33 million Ether currently staked on the Beacon Chain, the staking landscape shows significant growth. Liquid staking protocol Lido Finance leads in market share for Ether staking, followed by Coinbase. PostFinance has a history of engaging with crypto, launching crypto trading services in collaboration with Sygnum in earlier years.
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