SEBA Bank, a well-known digital currency bank acts as an intermediary between digital currencies like Ethereum and conventional currencies. It’s committed to offering its customers and clients a secure and seamless trading experience.
SEBA Bank, like regular banks allows traders and investors to transact in cryptocurrencies as well as traditional currencies. Although these services were well-received by clients and customers alike, SEBA Bank saw the need to expand its operations. This is why the company has added Ethereum staking to its offerings.
SEBA Bank offers ETH Staking as part of its services
According to SEBA Bank executive Mathias Schütz, including Ethereum staking to its services is an excellent way to be relevant to the network upgrade.
In an announcement, the Swiss cryptocurrency asset bank platform announced that Ethereum staking had been successfully added to their services. It is hoped that other companies will be able to reap the benefits of ETH staking.
There is a growing institutional demand for services like DeFi (Decentralized financial infrastructure). According to the company, Ethereum staking is one method of meeting this need. Schütz added that the company would play a vital role in securing the network’s future by including Ethereum staking into its services.
The cryptocurrency sector is rapidly evolving, and there’s a need for the company to follow up at the same pace. So, supporting Ethereum staking is the best way to achieve this goal, Schütz added. He acknowledged, however, that Merge would be a breakthrough for Ethereum sustainability, scaleability and security.
Others in Ethereum Staking Business
SEBA Bank may not be the only one interested in Ethereum Staking. While they are awaiting the Merge to enter the market, there are other companies that have already entered the industry. Anchorage Digital is one example of such companies.
Anchorage Digital revealed in June that Ethereum staking was now part of its business operations. Anchorage Digital is recognized in the crypto currency market as a cryptocurrency bank. According to the firm, this new technology was made available for institutions.
Diogo Mónica stated that there would be no chances of losses with this development. It is important that the institution and ecosystem are prepared to win at Ethereum Staking. Diogo Mónica is the co-founder of the crypto bank Anchorage Digital.
Ethermine on the other side has made a decision to set up a staking platform for its customers, and it is in use. Ethermine is Ethereum’s most popular mining pool.
Users can stake as little as 0.1 Ether. Users will also receive an additional 4.43% annual interest rate through the Staking Pool.
The platform also allowed participation with less ETH. Stakers with less ETH will need to pay extra fees.
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