Bitcoin Suisse Announces Ethereum 2 Staking Service

Nov 27, 2019 - 2 min read

With Ethereum 2 moving closer to launch, Bitcoin Suisse is pleased to announce its ETH2 staking service, thus expanding its product and service offerings. Clients signing up for staking on the new Ethereum 2 blockchain are expected to earn rewards from the very first block. The service is available for both private individuals and institutional investors regardless of their amount of ETH.

Since the beginning in Zug in 2013, Bitcoin Suisse has maintained a close relationship with the Ethereum community and continues to do so in the transition to proof-of-stake with the upcoming Serenity upgrade.

Participating in Ethereum’s future network validation is a complicated task since users need to perform a token migration from the current Ethereum blockchain to the new one. Hereafter, specific hardware and software is required to run validators as well as exactly 32 ETH2 to start staking.

Bitcoin Suisse’s staking service will solve these challenges for clients, letting them earn rewards without having to consider any arbitrary validator amount and without the headache of having to own and operate network infrastructure. As part of the staking service, the token migration is included.

The service is designed as an all-in-one offering covering the three key elements of Ethereum 2 staking:

• Migration from ETH tokens to ETH2 tokens
• Secure hardware and software setup and adherence to protocol upgrades
• Booking and pay-out of earned rewards

Clients will retain 85% of the earnings from the incoming rewards. The remaining part will cover all costs associated with infrastructure setup, protocol upgrades, maintenance, servers, etc.

Further explanation of the Ethereum blockchain development process can be found in the Bitcoin Suisse research special ‘Ethereum 2 Matters’, where we also provide an in-depth look at the validator economics.

If you are interested in staking ETH2 with us, contact your account manager or sign up to become a Bitcoin Suisse client and indicate your interest in staking during the sign-up process.

Bitcoin Suisse