- PostFinance is expanding its service to include a “staking” function
- Worth addressing the implications of staking on cryptocurrencies and crypto holders
PostFinance, a Swiss state-owned bank, took a significant step by integrating a “staking” service into its cryptocurrency management options. This addition comes about a year after PostFinance first offered trading and custody of cryptocurrencies, in collaboration with Sygnum Bank.
Now, clients can earn passive income by staking their Ethereum directly through PostFinance’s platforms, with plans to expand to other cryptocurrencies soon.
Staking allows users to support blockchain security and operations by locking up their cryptocurrencies, earning them “staking rewards” in return.
This service by PostFinance operates directly on the Ethereum blockchain, ensuring maximum security and transparency for its users. Starting with as little as 0.1 ETH ($3,481.04), customers can participate in staking and view their rewards, alongside their other crypto holdings within the bank’s digital assets interface.
This attempt to embrace and enhance cryptocurrency functionalities for its clients is a key step towards driving more TradFi players into crypto. What this development also does is fuel the asset class’s increasing market legitimacy.
Staking popularity and its impact on the m…
