Swiss state-owned bank PostFinance has announced that it will offer Ethereum (ETH) staking services to around 2.7 million customers, with a minimum requirement of just 0.1 ETH. This move signifies the bank’s further expansion into the cryptocurrency market and highlights the thriving development of the Ethereum staking market.
PostFinance Introduces ETH Staking Service
As a bank fully owned by the Swiss government, PostFinance revealed in a statement yesterday that it will provide Ethereum staking services to approximately one-fourth of Switzerland’s total population, aiming to significantly reduce the barriers to entry for participating in the crypto market:
PostFinance’s Introduction Video for Staking Service
Users only need to hold a minimum of 0.1 ETH (currently about $337) to participate in the staking service, a threshold much lower than the usual requirement of 32 ETH (around $106,000) on the Ethereum network.
It is reported that the fixed staking period for this service must be at least 12 weeks, and users can sell the rewards obtained from staking, with a 20% fee deducted from the staking rewards.
PostFinance: Seamless Integration,
Easy Participation, and Monitoring
Alexander Thoma, PostFinance’s Head of Digital Assets, stated that the staking service is based on Ethereum blockchain’s native staking functionality and has been seamlessly integrated into PostFinance’s existing services:
Users’ staking rewards will be directly displayed in the asset list along with other cryptocurrencies, allowing users to easily track profits and manage assets.
Currently, PostFinance only supports Ethereum staking services, but according to their statement, they may gradually introduce staking options for other cryptocurrencies in the future to meet more customer demands.
(PostFinance Actively Expands Cryptocurrency Footprint in Switzerland)
Based in Switzerland, PostFinance, the financial services division of Swiss Post, manages assets totaling around 124 billion Swiss francs ($136 billion), and this is not the bank’s first foray into the digital asset field:
In 2021, they launched digital collectibles linked to physical stamps.
In 2022, they began constructing a cryptocurrency custody platform.
In 2023, they partnered with digital asset bank group Sygnum to offer cryptocurrency trading and custody services.
On another front, Switzerland, widely seen as cryptocurrency-friendly, has recently seen local Bitcoin supporters urging the Swiss National Bank (SNB) to include Bitcoin in its currency reserves, gathering at least 100,000 petition signatures by June 30, 2026, to initiate a nationwide referendum.
(Nationwide Petition for Referendum! Switzerland Proposes Adding Bitcoin to National Currency Reserves)
PostFinance’s move clearly demonstrates the trend of traditional finance further integrating into the crypto market, undoubtedly increasing the chances for the public to enter the crypto world and providing a case study for other financial institutions.
Risk Warning
Investing in cryptocurrencies carries a high level of risk, with prices subject to significant fluctuations, potentially leading to the loss of your entire principal. Please assess the risks carefully.