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Swiss state-owned financial institution PostFinance has launched an Ethereum staking service designed for customers of all experience levels. The service minimizes technical complexities, offers a fixed 12-week deposit period for ETH, and provides weekly reward payouts.
PostFinance announced the launch of Ethereum staking for retail customers, available through the bank’s mobile app. The service features a low entry threshold as the bank handles all technical aspects of asset deposits.
The minimum staking amount is 0.1 ETH, and the staking period is fixed at 12 weeks. Rewards are credited weekly in ETH and can be sold or reinvested immediately. The bank charges a 20% fee on the value of earned rewards for its services.
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Wholly owned by the Swiss government, PostFinance serves approximately 2.5 million customers nationwide. Previously, in February 2024, the bank partnered with Sygnum to provide cryptocurrency trading and secure storage solutions.
Alexander Thoma, Head of Digital Assets at PostFinance, highlighted in the press release that Ethereum staking is fully integrated with the bank’s existing services. Customers can view staking rewards alongside other crypto-assets in reports, consolidating all essential data for tax filing in one place.
PostFinance plans to expand staking services to other Proof-of-Stake (PoS) cryptocurrencies in the near future.
Original article: Swiss State Bank Launches Ethereum Staking Service published on CoinsPaid Media.
