PostFinance Launches Crypto Staking Service for Customers

PostFinance, a Swiss state-owned bank, has announced the expansion of its crypto trading and custody solution to include crypto staking. The launch, announced on January 16, enables customers to earn passive income from their Ethereum (ETH) deposits.

The bank will offer ETH staking, with plans to extend the service to other cryptocurrencies in the future. Customers can access ETH staking via the bank’s e-finance and PostFinance App, positioning PostFinance alongside other major banks offering crypto staking services.

Partnership and Integration

This development comes nearly a year after PostFinance added support for crypto trading and custody through a partnership with FINMA-regulated digital assets platform Sygnum. The partnership, announced in February 2024, enabled PostFinance to offer its customers a range of digital assets services. Sygnum, meanwhile, offers crypto staking for coins such as ETH, XTZ, and ADA.

“The ‘staking’ service is based on ‘native staking’, which takes place directly on the Ethereum blockchain and thus offers maximum transparency and security.” – Dr. Alexander Thoma, Head of Digital Assets at PostFinance

Key Features of the Staking Service

PostFinance has integrated the staking service with its existing offerings, enabling customers to:

  • View their accumulated staking rewards alongside their crypto assets
  • Earn passive income from their ETH deposits
  • Access ETH staking via the bank’s e-finance and PostFinance App

Swiss Banking Industry Embracing Cryptocurrencies

In September 2024, Zurich Cantonal Bank, the fourth-largest bank in Switzerland, entered the crypto market by launching digital assets trading for its customers. ZKB introduced Bitcoin and Ethereum trading and custody, integrating these services into its eBanking and mobile banking platforms.

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