Swiss Bank PostFinance Launches Ethereum Staking for Customers
PostFinance AG, a Swiss state-owned bank, has launched Ethereum staking, allowing customers to earn passive income by pledging a minimum of 0.1 ETH. The staked Ethereum will be locked for at least 12 weeks before rewards are distributed.
Key Details
- Ethereum is currently the only cryptocurrency supported for staking.
- PostFinance plans to add more tokens in the future.
- The bank's digital asset services began in April 2023 through a partnership with Sygnum Bank.
- In February 2024, PostFinance introduced crypto trading and custody services, offering access to 11 cryptocurrencies.
- This move strengthens PostFinance's commitment to blockchain technology and decentralized finance (DeFi).
Trends in Switzerland
- A group proposed a national referendum for the Swiss National Bank to hold Bitcoin as part of its reserves.
- The proposal requires 100,000 signatures to qualify for a public vote.
- Despite rising interest, the Swiss National Bank remains skeptical about integrating cryptocurrencies into its monetary system.
- Switzerland continues to be a global hub for blockchain innovation, with new initiatives like exploring Bitcoin mining's role in energy policy.