The new option will be available in the PostFinance application and online banking for the Ethereum cryptocurrency. Staking involves depositing coins for a certain period of time. Clients will be able to regularly receive passive income from their Ether deposits, PostFinance management promised. In the future, the bank plans to extend this service to other cryptocurrencies.
PostFinance Head of Digital Assets Alexander Thoma assured that clients will be able to take part in staking with only 0.1 ETH. Thoma explained that the service is based on native staking, which is carried out directly on the Ethereum blockchain. Given that the staking service is integrated into PostFinance services, bank clients can see their staking rewards in the asset report.
The bank launched ETH staking almost a year after launching retail cryptocurrency services through a partnership with crypto bank Sygnum, which is regulated by the Swiss Financial Market Supervisory Authority (FINMA). Sygnum itself offers staking services with crypto assets ETH, XTZ and ADA.
In July, PostFinance launched trading services for the cryptocurrencies XRP, SOL, AVAX, ADA and DOT for its clients – in addition to Bitcoin and Ether.
Source: Bits
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