PostFinance Expands Crypto Services with Ethereum Staking Swiss state-owned bank PostFinance AG has launched Ethereum (ETH) staking, allowing customers to earn passive income on their holdings. The bank now allows Ethereum staking directly on its platform, with plans to add support for additional tokens in the near future.

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As a forward-thinking crypto investor, I’m excited to share that I’ve joined the wave with PostFinance AG, a trusted Swiss state-owned bank, as they delve deeper into the digital asset world. Now, I can stake my Ethereum (ETH) holdings and earn passive income in a secure and convenient way. It’s an incredible opportunity to harness the power of blockchain technology!

On January 16, 2025, Bloomberg announced, quoting a bank statement, that Ethereum staking is now available directly on their platform. With this new service, users can commit a minimum of 0.1 ETH towards validating blockchain transactions and earn staking rewards.

A 12 Weeks Lock-in Period

The bank has verified that the staked Ethereum will remain inaccessible for a minimum duration of 12 weeks before any rewards can be disbursed. Currently, Ethereum is the only cryptocurrency available on their staking program; however, they aim to expand support for other tokens soon.

Since partnering with Sygnum Bank in April 2023, our bank has consistently grown its selection of digital assets available on the cryptocurrency market.

This arrangement enabled the financial services firm to give its 2.5 million clients an opportunity to purchase, exchange, and save digital currencies, thus designating PostFinance as the initial major Swiss banking institution to offer such facilities.

By February 2024, the bank had launched cryptocurrency trading and safekeeping services as a means to expand its influence within the sector. In this period, PostFinance enabled customers to trade and save in 11 different digital currencies.

With Ethereum staking now included, the bank is deepening its pledge to blockchain technology and decentralized finance (DeFi), demonstrating a stronger stance.

Growing Crypto Enthusiasm in Switzerland

At present, the bank is growing, and this growth occurs amidst a surge in interest towards digital assets within Switzerland. Lately, a cluster of crypto supporters in Switzerland have suggested holding a national referendum to persuade the Swiss National Bank (SNB) to incorporate Bitcoin (BTC) into its reserves alongside the dollar, euro, and gold.

As stated by Tether’s Vice President of Energy and Mining, Giw Zanganeh, the proposal unveiled on December 31, 2024, must gather at least 100,000 signatures to be eligible for a public vote in the form of a referendum.

Under the leadership of both Zanganeh and Yves Bennaïm, the founder and head of the Swiss Bitcoin nonprofit organization 2B4CH, as well as eight other advocates for Bitcoin, this initiative was spearheaded.

As an analyst, I’ve observed that although a recent proposal has been put forth, the Swiss National Bank (SNB) previously expressed doubts about incorporating cryptocurrencies into their monetary system. Given this skepticism, it seems improbable that the proposal will be successfully implemented.

Independent of the final result, Switzerland consistently stands as a pioneering hotspot for blockchain advancements. In November 2024, the parliament in the Swiss canton of Bern chose to initiate a study on Bitcoin mining.

As a crypto investor, I’m keen on delving into promising avenues for harnessing surplus energy within our region. I’m also interested in fostering partnerships with Swiss Bitcoin miners, recognizing the potential benefits this collaboration could bring. Lastly, I’m intrigued by the prospect of Bitcoin mining as a means to fortify the robustness of our electricity grid.

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2025-01-16 20:51