Swiss government-owned investment bank PostFinance AG is offering Ethereum staking to its users. The company opened its first crypto-related services in 2024, but it’s implementing comprehensive plans to accelerate them.
In public statements, the bank cited rising pro-crypto attitudes in Switzerland and a post-Trump bull market to explain why it’s deepening its investment.
PostFinance Offers Ethereum Staking
PostFinance AG, an investment bank controlled by the Swiss government, is expanding into Ethereum staking. The bank only began offering crypto trading and custody services last year. Now, its further venturing into the crypto staking space.
“We’re expanding our crypto service and introducing staking. This will allow our customers to generate passive income by depositing cryptocurrencies,” the firm claimed via social media.
It makes sense that PostFinance began its staking offerings with Ethereum, as Ethereum staking grew to new heights last year. By February, staked ETH amounted to 25% of the total token supply, and momentum continued throughout the year.
Ethereum staking rewards declined towards the end of 2024, but it still represents an attractive market.
Over the years, Switzerland has been particularly friendly to the industry, trying to cement its status as a crypto hub. Through “Crypto Valley” in Zug, Switzerland, the nation is trying to foster capital investment, and it considered putting Bitcoin in its National Reserves last month.
It only makes sense that government-owned businesses will also deepen these ties. PostFinance will be looking to extend its staking services further down the line.
Ethereum is the first asset in its new program, but it will add staking to other cryptoassets very soon. The firm called itself “the first systemically important bank to offer crypto staking,” and it anticipates a deepening enthusiasm for the industry as a whole.
Considering that PostFinance only entered the space less than a year ago, this Ethereum staking program is quite a show of faith.
The bank’s statements cited a few market factors that contributed to its optimism, like regulatory friendliness and bullish momentum after Trump’s return to the US Presidency. PostFinance and the Swiss government seem to be betting on crypto.
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Landon Manning
https://beincrypto.com/postfinance-offers-ethereum-staking-government/
2025-01-16 18:51:12
