Swiss state-owned bank PostFinance is further expanding its crypto offerings with the addition of Ethereum staking. The bank announced on its website that its clients can now create passive income with staking starting from 0.1 ETH.
The new service is available via e-finance and through the PostFinance app, but Ethereum is currently the only one available for staking. The bank pointed to its plans to further extend its crypto offer soon but did not disclose any details.
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“Staking allows customers to deposit cryptocurrencies for a set period to support the blockchain’s security and operations. In return, they earn rewards—essentially a way to generate passive income,” the bank explained.
To start earning, customers need to keep their staked ETH locked in for at least 12 weeks.Rewards will be issued on a regular basis, making the product attractive for users who want to grow their crypto.
Dr. Alexander Thoma, an executive at PostFinance, was equally pleased with the service: its ease of use, security, and transparency. Given its user base is 2.7 million—about one-quarter of Switzerland’s population—the move would increase crypto adoption in the country significantly.
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To crypto enthusiasts in Switzerland, this is another step toward mainstream financial integration.