Swiss State-Owned PostFinance AG Launches Ethereum Staking

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In a remarkable development, Switzerland state-owned bank, PostFinance AG, has officially launched Ethereum staking. Notably, the bank has introduced staking as a key part of its cryptocurrency expansion, according to a latest Bloomberg report.

Since the start of the new year, there has been a surge in pro-cryptocurrency moves, with major financial institutions getting involved. The latest to join this trend is a state-owned bank in Switzerland, adding to the growing list of institutions embracing changes in the industry ahead of 2025.

Notably, Ethereum staking enables users to earn rewards by helping validate transactions on the blockchain. PostFinance, a state-owned bank, entering this space underscored the increasing trust in cryptocurrency as a legitimate financial option.

Staking involves individuals locking their Ethereum in a digital wallet to help support blockchain operations, with rewards given in return. By offering this service, PostFinance allows its customers to actively engage with crypto, putting their investments into practice.