- Sygnum Bank, the world’s first regulated digital asset bank, according to a blog post published Aug. Cardano (ADA) Added support for staking.
The Swiss company announced today that its customers will be able to stake ADA, the eighth largest cryptocurrency, through its bank-level staking platform to earn rewards.
📰 📣 News: Sygnum Bank expands bank-grade staking portfolio with the Cardano blockchain’s native cryptocurrency, ADA
Read the full announcement here 👇https://t.co/WlJkJ7Q20I
— Sygnum Bank (@sygnumofficial) August 2, 2022
Following the development, ADA will be added to the list of cryptocurrencies Sygnum offers for staking. Before the announcement, Sygnum Ethereum (ETH), Internet Computer (ICP) and Tezos (XTZ) It supported three cryptocurrencies, including
Koinfinans.com As we reported, with the addition of ADA, the coin has become the fourth coin Sygnum offers to its clients for staking.
Commenting on the development, Thomas Eichenberger, Head of Business Units at Sygnum Bank, said:
“As enterprise adoption of digital assets continues to grow, the demand for core protocols as well as award-winning capability continues to grow. Sygnum’s bank-level staking offering, now including Cardano, provides our clients with a wide range of investment opportunities backed by the security and peace of mind of a regulated bank.”
Sygnum Staking Service and Its Importance for Users
It is also worth noting that Sygnum offers one of the best Bitcoin staking services. Sygnum’s staking solution is fully integrated with the company’s banking infrastructure.
In addition, the security of users on the platform is guaranteed through segregated wallets, secure private key management, and a multi-layered security infrastructure.
Frederik Gregaard, CEO of Cardano Foundation, also expressed his excitement about this development and invited Sygnum users to the Cardano ecosystem:
“This new offering allows Sygnum clients to join our ecosystem where they can enjoy a risk-free staking experience without having to transfer or lock the asset. Additionally, Cardano’s cutting-edge architecture offers both retail and enterprise customers a unique experience for ADA holders. You will always be in control of your ADA.”
Meanwhile, Sygnum became the first regulated bank to offer Ethereum staking to its clients. The move demonstrates that Sygnum is fully aware of the potential of cryptocurrencies and is committed to giving its users full exposure to the emerging asset class.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.