Swiss Bank Sygnum Launches Ethereum 2.0 Staking

Swiss Bank Sygnum Launches Ethereum 2.0 Staking

Sygnum, a Swiss-based bank, has recently revealed that it will begin offering customers access to Ethereum 2.0 staking through its banking platform. This would make the bank the first bank to offer ETH 2.0 staking to its clients. Sygnum Bank has said that its clients would be able to conveniently and security stake Ethereum through its institutional-grade banking platform. Furthermore, clients can generate up to 7% yield yearly on their staking activities.

This news follows a report from two JP Morgan analysts who forecasted that staking could be a $40 billion industry by the year 2025. They predicted this would come following the total implementation of ETH 2.0 which is expected to make the Ethereum network more secure and scalable.

Related Reading | Ethereum Tests $2,300 Range As Market Adds $70 Billion

The announcement was made on Sygnum’s website on July 6, 2021.

Staking Is A Compelling Choice For Ethereum Investors

According to the announcement on Sygnum’s website, the digital

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