SEBA Bank Launches Ether Staking as Mainnet Merge Nears

September 8, 2022

MCP News Free

SEBA Bank Launches Ether Staking as Mainnet Merge Nears

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.

SEBA Bank’s comprehensive staking management is a platform that offers seamless and secure access for customers to stake crypto tokens and earn rewards through proof of stake protocols including Ethereum, Tezos, and Polkadot.

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stETH Hype on the Rise

As the merge is getting closer, the staking hype has been on the rise, more than 13.3 million Ethereum tokens have been staked so far, according to data released by CryptoQuant.

To make the most out of the ongoing trend, crypto firms like Coonbase launched Ethereum staking for institutional domestic clients in the US in August.

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