Although other crypto exchanges and pooling services already offer ETH 2.0 staking, Sygnum has become the first bank in the world to offer this service following a Tuesday announcement. Consequently, customers of the bank will be able to stake Ethereum directly from their existing wallets and earn dividends of up to 7% annually via a fully integrated user-friendly setup.
For the uninitiated, Ethereum is one of the most widely used blockchain platforms. It is the cornerstone of the decentralized finance (DeFi) and non-fungible token (NFT) markets. As of press time, over 6 million ETH valued at around $14 billion has been staked on the Beacon Chain contract.
Commenting on the latest development, Thomas Eichenberger, Head of Business Units at the bank said:
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Source: Cryptocurrency - investing.com
