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Swiss state bank PostFinance AG launches Ethereum staking

Swiss state bank PostFinance AG launches Ethereum staking

HappyCoinNewsHappyCoinNews2025/01/17 22:55
By:HappyCoinNews

Swiss state-owned bank PostFinance AG has officially launched staking Ethereum , which was part of the organization's expansion into the crypto space. The process of staking refers to pledging tokens to verify transactions on a specific blockchain in order to earn more tokens.

Major financial institutions are aware that 2025 is set to bring big changes to the crypto industry, so they are keen to seize the opportunities that come with it.

In just three days, US President-elect Donald Trump will take office to begin his second term as the country’s commander in chief. The event is set to usher in a wave of changes to the country’s regulatory standards as he is expected to become the first crypto-friendly president.

However, it is not only what is happening in the North American country that is fueling optimism about cryptocurrencies. Many organizations and companies have already taken steps to integrate into the new field, which led to Bitcoin reaching six figures at the end of last year.

According to the statement, the bank will introduce in the near future staking and for other tokens. PostFinance AG said it remains the first “systemically important bank to offer staking ».

Overall, enthusiasm for the new asset class is growing in Switzerland. Swiss officials recently presented a proposal to mandate the country's central bank to buy and hold bitcoin as a strategic reserve.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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