SEBA Bank To Include Ethereum Staking In Services


SEBA Bank is a popular digital currency company that acts as a bridge between traditional currencies and digital currencies, such as Ethereum. It is committed to providing a safe and smooth trading experience to its clients and customers.

Like regular banks, SEBA allows investors and merchants to conduct transactions on the basis of cryptocurrencies and fiat currencies. While these services seemed good enough for their clients and customers, the company saw the need for operational expansion. For this purpose, the company has included Ethereum staking as part of its services.

Seiba Bank Including Ethereum Stakes In Its Services

According to Matthias Schutz, CEO of SEBA Bank, including Ethereum staking in its services is an excellent way to be relevant to network upgrades.

Swiss crypto-asset banking platform disclosed in file Advertising Staking Ethereum has been successfully added to its services. The idea is to create an opportunity for other companies that want to make profits by staking ETH.

DeFi (Decentralized Finance) services have a growing institutional demand. The company stated that one way to meet this demand is by staking Ethereum. Schutz added that the company will play a vital role in securing the future of the network by including Ethereum staking in its services.

The cryptocurrency sector is rapidly developing, and there is a need for the company to continue at the same pace. Schutz added that supporting staking Ethereum is the best way to achieve this goal. Furthermore, he acknowledges that the merger will be a significant milestone in terms of Ethereum’s sustainability, scalability, and security.

Other companies in the Ethereum staking business

SEBA Bank is not the only company interested in integrating Ethereum stakes into its services. Some other companies are already working in this field as they are waiting for consolidation. Some examples of these companies are Anchorage Digital and Ethermine.

Anchorage Digital announced in June of this year that it had incorporated an Ethereum stake into its operations. Anchorage is recognized as a crypto bank in the cryptocurrency industry. The company also indicated that the new development was intended for institutional clients.

Diogo Monica stated that there will be no chances of losses with this development. Therefore, institutions and the ecosystem must be prepared for a win-win process in the beginning of staking Ethereum. Diogo Monica is the co-founder of crypto bank Anchorage Digital.

On the other hand, Ethermine decided to create a staking pool for its users, which is already operational. Ethermine is the well-known mining pool for Ethereum.

SEBA Bank to include Ethereum stakes in services
Ethereum price trends sideways for ETHUSDT on TradingView.com

The minimum amount required for users to participate in the storage process is 0.1 Ether. In addition, with a staking pool, users will get an annual interest rate of 4.43% on the platform.

Moreover, the platform allowed participation in staking for less than ETH. However, these hostages will be required to pay an additional fee.

Featured image from Pixabay, chart from TradingView.com



Leave a Comment

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