- At the beginning of last month, Coinbase began providing Ethereum staking.
- A reasonable pricing system will be implemented to ensure the safety of the assets.
The excitement around staking has increased as the day of the Merge draws nearer. To date, more than 13.32 million Ethereum tokens have been staked, as reported by data aggregator CryptoQuant. The rate of staking has been rising at the same time. As of this writing on Wednesday, it was close to 11%.
In order to cash in on the current trend, leading cryptocurrency firms have been concentrating on their staking operations as of late. For example, at the beginning of last month, Coinbase began providing Ethereum staking to its institutional domestic customers in the United States. A recent post emphasized the widespread support for ETH 2.0 staking on major exchanges like Binance and Gemini.
Capitalizing on the Merge Event
The newest news is that the SEBA Bank in Switzerland has begun offering Ethereum staking to its institutional customers. A “growing demand” from institutions for assistance in managing a variety of digital asset yield use cases motivated the bank to introduce its Ethereum staking services.
Customers of SEBA will now have a convenient and adaptable new way to earn rewards thanks to Ethereum staking services. The same, as stated in the official announcement, will be supplied on a monthly basis, and post-Merge, flexible lock-up periods will be made accessible. In addition, a reasonable pricing system will be implemented to ensure the safety of the assets.
According to Head of Technology and Client Solutions Mathias Schutz, the Merge is a “significant milestone” for Ethereum since it will bring about changes beneficial to consumers in the areas of security, scalability, and sustainability.
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