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Swiss Bank PostFinance Launches ETH Staking to Expand Crypto Services
January 16, 2025 – Zurich, Switzerland – In a significant move aimed at expanding its cryptocurrency services, Swiss state-owned financial services provider PostFinance has launched Ethereum (ETH) staking for its customers. The innovative feature will enable users to generate passive income by locking ether to support the Ethereum network.
The new service is now available to PostFinance’s vast 2.7 million customer base, with a minimum investment requirement of 0.1 ETH, equivalent to approximately $331 at current rates. To ensure transparency and security, the staking functionality will be based on “native staking”, which takes place directly on the Ethereum blockchain.
The launch marks a major expansion of PostFinance’s crypto offerings, following the introduction of cryptocurrency trading and custody services in 2023. By integrating ETH staking into its existing platforms, the bank aims to attract a broader audience while fostering the adoption of Web3 technologies within traditional banking.
“We’re expanding our crypto service and introducing staking,” tweeted PostFinance (@PostFinance). “This will allow our customers to generate passive income by depositing cryptocurrencies.” The tweet also includes a link for more information.
Staking, in essence, involves locking up a specific amount of cryptocurrency as collateral to support the validation of transactions on the Ethereum network. This process allows users to earn rewards in the form of interest payments, incentivizing them to participate in the network’s consensus mechanism.
By leveraging this feature, PostFinance customers can now diversify their portfolios by investing in ETH staking, which has been gaining popularity as an attractive passive income stream. Additionally, the service will enable the bank to expand its digital asset portfolio and accelerate blockchain adoption among Swiss citizens.
The strategic move comes as a testament to the growing importance of cryptocurrency trading and investment for traditional financial institutions.
Source: www.crypto-news.net
