Bitcoin Forum

SEBA bank, a Swiss-regulated crypto platform has launched ether staking services for large customers as the community approaches the long-anticipated Mainnet merge later this month.

The move is a response to the increasing demand for the service from institutions to manage a range of digital asset yield use cases.

Henceforth, SEBA clients will now be able to earn rewards in a flexible and accessible manner. According to the official statement, the same will be provided on a monthly basis, and adjustable lock-up periods will be available post-Merge. Alongside this, a cost-effective fee structure will be applied to guarantee asset security.

“The Ethereum merge is an anticipated and significant milestone for the world’s second largest cryptocurrency, delivering improvements for its users across the areas of security, scalability and sustainability,” said Mathias Schütz, Head Technology & Client Solutions of SEBA Bank.

“The launch of our Ethereum staking services will enable institutional investors to play a key role in securing the future of the network,” he added.

Source: https://mycryptoparadise.com/seba-bank-launches-ether-staking-as-mainnet-merge-nears/