Originally published on: October 08, 2024
Cryptocurrency trading platform Bison, owned by the Böerse Stuttgart Group, has launched an innovative insured staking service for Ethereum enthusiasts. This new feature allows users to stake a minimum of 0.005 Ether and earn weekly rewards hassle-free.
Partnering with trusted German companies like Munich Re, a global reinsurance firm, Bison ensures security for users engaging in Ethereum staking. This collaboration with Staking Facilities, a German staking provider, strengthens Bison’s offering of insured ETH staking services.
The insurance provided covers major risks associated with staking, including slashing, operational errors, technical failures, and fraud. This added layer of protection gives users peace of mind while staking their assets on Bison’s platform.
All assets staked through Bison are held by the Federal Financial Supervisory Authority-licensed Böerse Stuttgart Digital Custody, ensuring regulatory compliance and security for users.
In light of this development, Ethereum co-founder Vitalik Buterin has expressed support for solo staking, pushing for increased network security and decentralization by reducing minimum staking deposits for solo stakers.
On a related note, Börse Stuttgart Digital recently partnered with DZ Bank to provide crypto trading and custody services to customers. This partnership will enable retail clients to access cryptocurrencies like Bitcoin and Ethereum through approximately 700 cooperative banks under DZ Bank’s umbrella.
With the gradual rollout of these new crypto trading options, retail customers will soon have the opportunity to explore and engage in the exciting world of digital assets. Stay tuned for more updates on the evolving crypto landscape.
