PostFinance Launches Staking Service for Ethereum

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PostFinance has partnered with Sygnum, a FINMA-regulated digital asset bank, to offer cryptocurrency trading and custody services.

The new offering includes a “staking” feature, initially available for Ethereum through the PostFinance App and e-finance.

Other cryptocurrencies will be added in the future.

“Staking” involves locking up cryptocurrencies to support blockchain security and operations, earning “staking rewards” as passive income.

Dr. Alexander Thoma, Head of Digital Assets at PostFinance, stated,

“The staking service is based on ‘native staking,’ which takes place directly on the Ethereum blockchain and thus offers maximum transparency and security.”

Customers can start staking with as little as 0.1 ETH.

Staking rewards are integrated into users’ asset statements alongside their other crypto holdings.

Featured image credit: edited from freepik

The post PostFinance Launches Staking Service for Ethereum appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

About Fintechnews Switzerland

Fintech News Switzerland provides a source of timely, deep insights and the latest local and global news about Fintech. Launched in 2014, the Fintech News Network team works very hard to deliver fintech-centric content in various forms to an audience looking for updates on fintech events and webinars, stunning opinions from highly-reputable digital finance innovators, analysis on fintech applications from active insiders, breaking news on fintech topics and fintech market alerts.

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