Swissquote launches Ethereum staking feature with 5.2% APY

Swissquote launches Ethereum staking feature with 5.2% APY

Swissquote has introduced a staking service for Ethereum (ETH) — a practice of earning rewards for serving as a transaction validator in the Ethereum blockchain.

The process enables users to earn dividends or interest on their Ether holdings just for depositing and holding the second largest cryptocurrency on the platform.

The Swiss online bank posted on its website the terms for staking Ethereum, noting that it will provide an estimated 5.28% annual percentage yield (APY) on tokens staked…


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