Switzerland’s SEBA Bank Launches Institutional Ethereum Staking

Switzerland’s crypto-friendly bank,
SEBA bank, has announced the launch of Ethereum (ETH) staking for its institutional investors.

SEBA bank is looking to provide flexible rewards and adjustable lock-up periods following Ethereum’s merge event.

The merge event, expected next week, will transition Ethereum from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism and is expected to use 99.95% less energy.

SEBA’s staking program comes with insurance and requires a certain amount of capital to enter the pool.

Leave a Reply

Your email address will not be published. Required fields are marked *