PostFinance, a Swiss state-owned bank, integrates staking services for Ethereum into its cryptocurrency platform, marking a significant step towards mainstream crypto acceptance. This move allows customers to earn passive income by locking up their ETH, supporting blockchain security and potentially influencing market dynamics.
Post Finance , a Swiss state-owned bank, took a significant step by integrating a “staking” service into its cryptocurrency management options. This addition comes about a year after Post Finance first offered trading and custody of cryptocurrencies, in collaboration with Sygnum Bank.
Staking allows users to support blockchain security and operations by locking up their cryptocurrencies, earning them “staking rewards” in return.blockchain, ensuring maximum security and transparency for its users. Starting with as little as 0.1 ETH, customers can participate in staking and view their rewards, alongside their other crypto holdings within the bank’s digital assets interface.
Ethereum, with its transition to Proof-of-Stake in 2022, has become a prime candidate for staking, alongside Cardano and Solana. In fact, some boast high staking ratios of as high as 70% of the circulating supply. However, this also introduces new considerations for market dynamics. Especially since staked assets might not be immediately available for trading, affecting market depth and volatility.Staking fundamentally changes holder behavior by providing a passive income stream, which encourages long-term holding over speculative trading. For holders, this means potentially higher returns over time without the need for active trading.
CRYPTOCURRENCY BANKING STAKING ETHEREUM BLOCKCHAIN
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
National Bank gets final approval for Canadian Western Bank takeoverNational Bank of Canada's $5-billion takeover of Canadian Western Bank has cleared its final regulatory hurdle.
Read more »
National Bank gets final approval for Canadian Western Bank takeoverNational Bank of Canada says it’s received approval from the federal finance minister to acquire Canadian Western Bank.
Read more »
National Bank to buy Canadian Western Bank after receiving final approval from Finance MinisterDominic LeBlanc approved the proposed $5-billion stock-swap deal just days after replacing Chrystia Freeland in the role
Read more »
National Bank gets final approval for Canadian Western Bank takeoverMontreal's National Bank has called its takeover of the Edmonton-based Canadian Western Bank a key pillar of its domestic growth strategy for 2025.
Read more »
Nova Scotia's New Lieutenant-Governor Embraces History and a Non-Political RoleMike Savage, Nova Scotia's new lieutenant-governor, is adjusting to his new responsibilities, which include ceremonies, receptions, and the upcoming New Year's Day levee. Savage, a former mayor of Halifax and MP, emphasizes the historical significance of his role and welcomes the non-political nature of the position. He has been meeting with former lieutenant-governors and even the former governor general to prepare for his duties.
Read more »
Royal Family Embraces Holiday Cheer Amidst Tumultuous YearThe Prince and Princess of Wales shared a heartwarming Christmas photo featuring their children, offering a glimpse of joy amidst the challenges they faced in 2024. The photo, a repurposed video from their summer trip, highlights their resilience and determination to find happiness.
Read more »