PostFinance AG, the Swiss government-backed investment bank, now allows its customers to participate in Ethereum staking. Initially launching cryptocurrency services in 2024, the firm is actively working on expanding these offerings more rapidly.
In public announcements, the bank pointed to growing pro-cryptocurrency sentiments in Switzerland and a post-Trump market surge as reasons for their increased financial commitment.
PostFinance Offers Ethereum Staking
Switzerlands government-owned investment bank, PostFinance AG, is broadening its horizons to include Ethereum staking. This move comes a year after they initiated operations in cryptocurrency trading and custody services. Now, they are delving deeper into the realm of crypto staking.
Our company is growing its crypto offerings and now offers a new feature called staking. With this, our clients can earn extra income passively by keeping their cryptocurrencies on deposit.
It’s logical that PostFinance started their staking services with Ethereum first, given that Ethereum staking reached record levels in the previous year. By February, the amount of ETH being staked accounted for nearly a quarter of the total token supply, and this trend persisted throughout the rest of the year.
2024 saw a gradual decrease in Ethereum staking rewards as the year drew to a close, however, it remains an enticing investment option.
Over time, Switzerland has consistently been welcoming towards industries, aiming to solidify its position as a leading crypto center. By establishing “Crypto Valley” in Zug, the country is actively encouraging financial investment. Last month, they even contemplated adding Bitcoin to their National Reserves.
It’s quite logical that government-run enterprises would strengthen these connections as well. PostFinance, in due course, intends to expand its staking offerings.
Ethereum currently leads as the initial asset within their newly developed program, however, they plan to extend staking capabilities to other cryptocurrencies shortly. The company has self-proclaimed itself as “the first systemically significant bank offering crypto staking,” and predicts a growing interest in the crypto industry overall due to this development.
As a researcher, I find it fascinating that PostFinance, a newcomer to the crypto sphere, has decided to dive into Ethereum staking so quickly. This move signifies a strong belief and confidence in the potential of this blockchain technology.
According to the bank’s reports, several economic aspects boosted their confidence, such as favorable regulations and a surge in market sentiment following Donald Trump’s re-election as U.S. President. PostFinance and the Swiss government appear to be placing wagers on cryptocurrencies.
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2025-01-16 22:00