Swiss bank PostFinance AG takes a new step into digital assets by launching Ethereum staking services, enabling clients to earn passive income through Ethereum (ETH) pledging.
Entry into Staking Market
PostFinance announced plans today to expand its staking services to include other cryptocurrencies in the near future. Staking involves allocating crypto assets to support blockchain transactions in exchange for rewards, making it a popular way to earn passive income.
Market Significance
Having begun offering cryptocurrency trading and custody services nearly a year ago, PostFinance has become the first systemically important Swiss bank to introduce staking. This move highlights the bank’s commitment to digital assets amid growing interest in crypto both within Switzerland and internationally.
Context and Development
The expansion coincides with a surge in crypto prices and renewed global interest in digital assets, partly driven by Donald Trump’s return to power in the United States. Swiss interest in digital assets is growing, known for its innovative approach to blockchain and crypto. Recently, Swiss crypto advocates proposed a national referendum for the Swiss National Bank (SNB) to hold bitcoin in its reserves alongside traditional assets. However, this proposal faces significant hurdles as the SNB is cautious about adopting cryptocurrencies nationally.
Keeping pace with client interests and global trends, PostFinance AG takes a significant step by opening Ethereum staking services, underlining the innovative spirit of the Swiss banking system.
