Swiss PostFinance Expands Crypto Offerings with ETH Staking

Last updated: January 17, 2025

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Swiss PostFinance Expands Crypto Offerings with ETH Staking

Highlights:

Swiss PostFinance has expanded its crypto offerings with Ethereum staking.
The banking institution said the new functionality will enable users to earn passive income.
Users can access the staking feature through PostFinance’s banking app.

On January 16, 2025, Swiss state-owned bank PostFinance announced that it had included an Ethereum staking option to its banking offerings. Communicating the new development through a press release on its official website, the financial institution said that the staking feature will enable customers to earn passive income when they deposit as little as 0.1 ETH.

🎉 We’re expanding our crypto service and introducing staking. This will allow our customers to generate passive income by depositing cryptocurrencies. ➡️ Find out more: https://t.co/YP7MIYH64d pic.twitter.com/dNJikbcJml

— PostFinance (@PostFinance) January 16, 2025

In addition, the banking firm mentioned that it is officially the first systematically important bank to offer customers the ETH staking feature, underscoring its commitment to expanding its offerings through crypto-related features. It is worth noting that PostFinance’s latest staking functionality happened in collaboration with Sygnum, a Swiss Financial Market Supervisory Authority (FNMA) regulated banking group.

Accessing PostFinance’s New ETH Staking Feature

PostFinance said that users willing to earn rewards from its staking feature can access the functionality through e-finance. Also, they could use the feature on the banking firm’s app for only Ethereum.

Additionally, it stated that Ethereum remains the only acceptable option for staking on its platform. However, there are plans to include more crypto options later. While it failed to give a precise expansion timeline, PostFinance mentioned that such additions will happen in the near future.

Intricacies of PostFinance’s Staking Offer

According to the Switzerland-based bank’s official announcement, staking means depositing cryptocurrencies for a specified period. The staked tokens become valuable assets for the blockchain involved by supporting its security and other operations.

Hence, as part of efforts to encourage more traders to stake their valuables, the blockchain offers rewards, which invariably explains the concept of earning passive income. Moreover, worth mentioning is the fact that, on its “Stake and Received Rewards” page, PostFinance stated that earning regular staking income will require crypto deposits, lasting for at least 12 weeks.

According to Bloomberg, Swiss state-owned bank PostFinance AG has launched a staking service to provide Ethereum holders with the opportunity to earn passive income, and plans to support staking services for more tokens in the near future. PostFinance said it is the first…

— Wu Blockchain (@WuBlockchain) January 16, 2025

PostFinance Assures Users on the Transparency and Security of its New Feature

Like every innovation, intending users will most likely carry out due diligence investigations to ensure that they get the best from such inventions. Among the several features customers watch out for, security, transparency, and earnings potential appear to top the list.

In its publicized document, PostFinance’s Head of Digital Assets, Dr Alexander Thoma, spoke about the banking institution’s latest staking functionality. His statement revolved around simplicity, security, transparency, and cost-effective staking, which requires as little as 0.1 ETH.

Part of his statement read thus:

“The “staking” service is completely integrated into PostFinance’s existing services. This means that customers can see their “staking rewards” directly in their asset statement, together with their other crypto assets.”

Banking Firms’ Crypto Involvement Soars in Switzerland

Over the past few months, Switzerland banking institutions have recorded considerable increments in their crypto-related involvement. In one of its old publications, Crypto2Community reported that the Swiss Federal Chancellery approved a proposal for the Swiss National Bank (SNB) to hold part of its Bitcoin reserves.

Meanwhile, in another news article, Switzerland’s fourth-largest bank, Zurich Cantonal Bank (ZKB), announced in September 2024 that it now supports the trading and secure storage of Bitcoin (BTC) and Ethereum. ZKB noted that its crypto trading feature will be accessible via its e-banking or mobile banking apps.

Author

Chinedu Agbakwusi

Chinedu Agbakwusi is a news writer and editor for Crypto2Community. He is a crypto enthusiast with vast experience across several crypto-related projects and platforms. Chinedu has been following the development of the crypto market for several years, and he is optimistic about its potential to democratise the global financial system. He hopes to be a reliable plug for reporting trends and breaking down complex concepts to his readers. Agbakwusi's previously written for several crypto news including Times Tabloid, UPay, while also contributing over the years to many others leading media publications.

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