Ethereum News: Swiss State-Owned PostFinance AG Launches Ethereum Staking

In a groundbreaking move for the cryptocurrency industry, Switzerland's state-owned bank, PostFinance AG, has officially launched Ethereum staking. This initiative is part of the bank's broader strategy to expand its cryptocurrency services, reflecting the growing acceptance and integration of digital assets in traditional financial systems. The announcement comes amid a wave of pro-cryptocurrency initiatives that have been gaining momentum since the beginning of the year, signaling a significant shift in the financial landscape. With major advancements anticipated in the industry by 2024, this development underscores the increasing relevance of blockchain technology and decentralized finance (DeFi) in global markets.

Swiss State-Owned PostFinance AG Launches Ethereum Staking

In a significant development for the global cryptocurrency sector, Switzerland's state-owned bank, PostFinance AG, has officially launched Ethereum staking. This move is part of the bank's broader strategy to expand its cryptocurrency services. The announcement comes amidst a series of pro-cryptocurrency initiatives that have been gaining momentum since the beginning of the year. With major advancements anticipated in the industry by 2025, large financial institutions are increasingly participating in these changes. PostFinance AG's entry into Ethereum staking marks a notable addition to the growing list of institutions embracing cryptocurrency innovations.

Crypto Whale Redeposits $67.6M in ETH into Kraken

A prominent crypto whale has drawn attention by depositing $67.6M worth of Ethereum (ETH) into Kraken, following a previous withdrawal of $350.5M from Coinbase and Kraken. This significant move has sparked speculation within the crypto community, although the whale's intentions remain unclear. The deposit suggests a potential noteworthy development in the NEAR future.

PostFinance Introduces Ether Staking Services

Swiss financial services company PostFinance AG has launched staking services for Ethereum (ETH) on its platform, allowing ETH holders to earn passive income. The state-owned bank plans to expand its staking services to include other cryptocurrencies in the near future. This service is accessible through the e-finance platform and the PostFinance app. PostFinance, which began offering crypto trading and custody services in February 2024, is the first systematically important bank in Switzerland to provide direct crypto services to its customers. The bank currently supports trading for about 11 cryptocurrencies and offers 24/7 trading services.

Swiss Government-Owned Bank Introduces Crypto Staking

PostFinance AG, a Swiss government-controlled investment bank, has announced its expansion into Ethereum staking, following its recent introduction of crypto trading and custody services. The bank attributes this move to the increasing pro-crypto sentiment in Switzerland and a favorable market environment post-Trump. Ethereum staking has seen significant growth, with staked ETH representing 25% of the total token supply by February. PostFinance aims to provide its customers with opportunities to generate passive income through staking.