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Swiss State-Owned PostFinance AG Launches Ethereum Staking
In a groundbreaking move, Swiss state-owned bank PostFinance AG has officially launched Ethereum staking, marking a significant milestone in the cryptocurrency market. As per the recent reports by Bloomberg, the bank has introduced staking as a crucial part of its cryptocurrency expansion.
The launch comes amid an unprecedented surge in pro-cryptocurrency movements, with major financial institutions actively embracing changes in the industry ahead of 2025. This latest development further cements Switzerland’s position as a hub for innovative and forward-thinking approaches to finance.
The introduction of staking by PostFinance AG enables users to generate passive income by depositing cryptocurrencies. The concept of staking refers to pledging tokens to validate transactions on a specified blockchain to earn more tokens.
This development is particularly noteworthy, considering the bank’s earlier move to launch crypto trading and custody services in 2024. As the first “systemically important bank to offer staking,” PostFinance AG is expected to have a significant impact on the market.
The Swiss state-owned bank has also announced that it will expand its offerings beyond Ethereum staking, introducing staking for other tokens in the near future.
It’s worth noting that Swiss officials have proposed a plan to direct their central bank to purchase and hold Bitcoin as a strategic reserve. This move is expected to be a key part of Donald Trump’s return to office.
This development further highlights growing enthusiasm for cryptocurrency in Switzerland, and we can expect more significant announcements in the coming months.
Source: coinpedia.org
