Ethereum (ETH): SEBA Bank launches ETH staking before The Merge!

The Ethereum (ETH) merger is rapidly coming, and cryptocurrency exchanges are making preparations for what is thought to be the year’s greatest event in the cryptosphere. However, SEBA, a Swiss bank, is also participating, so they are not the only ones.

SEBA is considering staking Ethereum.

The activities that surround the bitcoin industry make its progress predictable. With the news of the merger, Vitalik Buterin builds on this momentum and causes an unmatched market movement. Investors are striving to catch up more and more as the crucial day gradually approaches.

In light of this, SEBA, a bank with headquarters in Switzerland, revealed that it now provides ETH staking for its institutional clients. The executives claim that the introduction of this service is a response to the rising demand from institutions looking to test the performance of digital assets.

As a result, SEBA Bank customers will be able to receive rewards through the bank’s staking services in a convenient and flexible manner. As Ethereum cuts gas expenses by roughly 99.95%, cryptocurrency investors will now have access to a variety of sustainable goods, according to the Swiss bank’s press statement.

A merger of Binance, Coinbase, and Gemini is planned.

Nobody in the cryptocurrency market was unaffected by The Merge’s statement. It makes sense that the merger would be the subject of so much media attention. However, as the final changeover begins, significant bitcoin exchanges are preparing. Coinbase stepped up at the beginning of last month and began providing Ethereum staking to its institutional clients in the United States.

The biggest and most well-known exchange, Binance, just declared that it now supports ETH 2.0 staking. Changpeng Zhao is renowned for his ability to seize significant opportunities. Because of this, his exchange took certain actions in August to ensure that everything worked according to plan when the time arrived.

Over 13.32 million ETH tokens have been staked to date, according to data from CryptoQuant, and the rate of staking is increasing. However, on Curve Finance, the DeFi platform, the value of the stETH token is decreasing. According to information from Peckshield, a blockchain security and analytics startup, the token is currently trading at 0.958 ETH.

The merger’s impending approach has the entire industry in upheaval. SEBA Bank decides not to lag behind if the platforms are getting ready for the big day. In fact, the Swiss bank currently provides institutional clients with Ethereum staking. Mathias Schutz, the head of technology and client solutions, claims that The Merge is significant not only for the bank but also for the second-largest blockchain. With the introduction of its staking services, it offers its investors the chance to take part in safeguarding the network’s future.

Stay in the Loop

Get the daily email from Watcher47 that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...