The Ethereum (ETH) merger is fast approaching and crypto exchanges are updating for what is considered to be the cryptosphere’s biggest event of the year. However, they are not the only ones since SEBA, a Swiss bank is also involved.
SEBA interested in Ethereum staking
The evolution of the cryptocurrency sector is predictable given all the activities that revolve around it. In this momentum, Vitalik Buterin creates an unparalleled movement in the markets with the announcement of the merger. As the fateful date draws inexorably closer, investors are increasingly looking to get up to speed.
With this in mind, SEBA, a Swiss-based bank has announced that it now offers staking ofETH for its institutional clients. According to the executives, the launch of this service responds to the growing demand from institutions that want to experiment with the performance of digital assets.
As a result, SEBA Bank customers will be able to earn rewards in an accessible and flexible way through the bank’s staking services. According to Press release from the Swiss bank, crypto investors will now have access to a range of sustainable products as Ethereum reduces gas fees by approximately 99.95%.
Binance, Coinbase and Gemini set for merger
The announcement of The Merge left no crypto investor indifferent. With such media coverage, it is normal that the merger should be talked about so much. But as the final transition is underway, major cryptocurrency exchanges are getting into shape. Early last month, Coinbase stepped up and started offering Ethereum staking to its institutional clients in the United States.
As for Binance, the largest and most famous exchange, it recently announced that it now supports ETH 2.0 staking. Changpeng Zhao is known for his flair for big opportunities. Because of this, in August, his exchange took some steps to make sure everything went smoothly when the time came.
Meanwhile, data from CryptoQuant indicates that over 13.32 million ETH tokens have been staked to date, with the rate of staking rising. However, the price of the stETH token is falling on Curve Finance, the DeFi platform. Currently, the token is trading at 0.958 ETH according to data from Peckshield, the blockchain security and analytics company.
The approach of the merger puts the whole sector in turmoil. If the platforms are preparing for the big day, SEBA Bank decides not to stay behind. Indeed, the Swiss bank now offers Ethereum staking for its institutional clients. According to the head of technology and client solutions, Mathias Schutz, The Merge is important for the second largest blockchain, but also for the bank. With the launch of its staking services, it gives its investors the opportunity to participate in securing the future of the network.
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