Switzerland-based SEBA Bank, a global cryptocurrency lender, has introduced Ethereum staking services aimed at enabling clients to earn staking rewards on Ethereum.

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Fast facts

  • Ethereum staking services would enable clients to earn rewards on a monthly basis, with adjustable lock-up periods available post-Merge, SEBA Bank said in a press release on Wednesday.
  • The lender’s staking management platform claims to provide an institutional-grade solution for generating rewards from investments on proof-of-stake (PoS) crypto networks, the statement said.
  • SEBA Bank, which offers access to digital assets through regulated banking services, received a banking and securities dealer license in August 2019 from the Swiss Financial Market Authority (FINMA), according to the company website
  • Ethereum’s long-awaited transition to proof of stake (PoS) is expected to make the network faster and more energy efficient.
  • Ethereum was down about 9% to US$1,513.62 at 6:30 p.m. in Hong Kong, the biggest drop among CoinMarketCap’s top 10 tokens.

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