Sygnum Bank, the first regulated digital asset bank in the world, has added support for Cardano (ADA) staking, according to a blog post published on Aug. 2.
The bank says that it offers institutional-grade security for its clients.
Cardano started offering staking rewards with the launch of the Shelley mainnet back in July 2020. Holders of the ADA cryptocurrency can delegate their tokens to staking pools and earn interest. As of now, 3,180 pools are online.
Apart from Cardano, the Switzerland-based bank also supports Tezos Ethereum (ETH) and other popular proof-of-stake cryptocurrencies.
In June, Sygnum Bank introduced services for a range of digital assets from the decentralized finance sector.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Godfrey Benjamin
Dan Burgin
Vladislav Sopov