Ethereum

Bank

Bitcoin

when

Bison, a cryptocurrency trading platform owned by the Böerse Stuttgart Group, has introduced an insured staking service for Ethereum users.
The new staking feature will allow customers to stake as little as 0.005 Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow" target="null" text="null" title="null">ETH</a>) and earn weekly rewards.
The initiative is supported by German companies, including the global reinsurance firm Munich Re, which offers security against the common risks associated with cryptocurrency staking.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/boerse-stuttgart-blockchain-secondary-market-transactions-ecb" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Börse Stuttgart, ECB cut settlement time in blockchain test</a>
<h2 id="staking-with-insurance">Staking with insurance</h2>
Bison’s partnership with Munich Re and Staking Facilities — a German staking provider — will enable the crypto trading platform to provide insured ETH staking.
The insurance is designed to cover the primary risk of “slashing,” which occurs when a network penalizes validators for improper actions, potentially leading to a loss of staked ETH.
Munich Re’s policy also protects against operational errors, technical failures and potential fraud, meaning users can stake their assets with protection against some of the most common risks of staking.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/dz-bank-boerse-stuttgart-crypto-services" rel="noopener noreferrer nofollow" target="null" text="null" title="null">DZ Bank partners with Boerse Stuttgart for crypto trading</a>
<h2 id="regulated-staking">Regulated staking</h2>
All assets staked through Bison’s platform are held by the Federal Financial Supervisory Authority-licensed Böerse Stuttgart Digital Custody, ensuring compliance with German regulatory standards.
Meanwhile, Ethereum co-founder <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/vitalik-buterin-advocates-lowering-solo-staking-eth" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Vitalik Buterin expressed support for solo staking</a>.
Buterin acknowledged the idea of dropping minimum staking deposits to around 16–24 ETH for solo stakers to push the network <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/vitalik-buterin-solo-staking-ethereum-security" rel="noopener noreferrer nofollow" target="null" text="null" title="null">toward improved security and decentralization</a>.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/deutsche-boerse-owned-crypto-finance-gets-german-licenses-parent-readies-exchange-launch" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Deutsche Börse-owned Crypto Finance gets German licenses, parent readies exchange launch</a>
<h2 id="b-rse-stuttgart-dz-partnership">Börse Stuttgart, DZ partnership</h2>
On Sept. 19, Börse Stuttgart Digital, the group’s crypto division, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/dz-bank-boerse-stuttgart-crypto-services" rel="noopener noreferrer nofollow" target="null" text="null" title="null">partnered with DZ Bank</a> to provide customers with crypto trading and custody services.
The partnership will enable approximately 700 cooperative banks under DZ Bank’s umbrella to offer retail customers digital asset access to cryptocurrencies like Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>) and ETH.
The move will involve a phased roll-out plan beginning later this year and will initially enable select retail clients to test the new crypto trading options.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/anti-aging-multi-millionaire-bryan-johnson-almost-devoted-life-crypto/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Anti-aging tycoon Bryan Johnson almost devoted his life to crypto</a>

Boerse Stuttgart-owned Bison launches insured Ethereum staking service

Table of Contents

Cointelegraph

Other articles published on Oct 8, 2024

Is MicroStrategy’s Bitcoin strategy working? MSTR hits $196 near ATH

FTX Hearing Set for October 7: Key Details on the Payout Process

Qubetics ($TICS) Gains Momentum with Presale while Ethereum and Arbitrum Strengthen their Market ...

Coinbase to Delist Non-Compliant Stablecoins in EU by December

Crypto 'Supercycle Can Start Any Day,' SHIB Team Tells Community, Here's Catch

Binance Launches New SCR Coin Initiative

Join our free newsletter for daily crypto updates!