PostFinance has partnered with Sygnum, a FINMA-regulated digital asset bank, to offer cryptocurrency trading and custody services.
The new offering includes a “staking” feature, initially available for Ethereum through the PostFinance App and e-finance.
Other cryptocurrencies will be added in the future.
“Staking” involves locking up cryptocurrencies to support blockchain security and operations, earning “staking rewards” as passive income.
Dr. Alexander Thoma, Head of Digital Assets at PostFinance, stated,
“The staking service is based on ‘native staking,’ which takes place directly on the Ethereum blockchain and thus offers maximum transparency and security.”
Customers can start staking with as little as 0.1 ETH.
Staking rewards are integrated into users’ asset statements alongside their other crypto holdings.
Featured image credit: edited from freepik
