SEBA Bank Introduces A Program That Lets Users Earn Yields On Crypto

Twitter icon  •  Published 2년 전  •  Hassan Maishera

It is becoming increasingly easier for people to enter the cryptocurrency space as more companies are now offering crypto-related services to their clients.

SEBA Bank expands its cryptocurrency offering

Customers of Swiss-based financial institution SEBA Bank will start to enjoy yields on their cryptocurrency holdings as the bank is expanding its crypto services. The financial institution announced earlier today that users can now earn yields on their cryptocurrency holdings.

According to SEBA Bank, investors on their platform can use the Bitcoin (BTC) and Ether (ETH) lending services to earn yields. This latest development is part of the company’s SEBA Earn Program designed to attract more customers to their platform. The bank said it plans to add support for more cryptocurrencies in the coming months.

SEBA Bank CEO Guido Buehler stated that “As institutional interest in digital assets accelerates, investors have a broader appetite for crypto assets, with a particular interest in earning services like staking, DeFi and centralized crypto borrowing and lending.”

Furthermore, the digital asset bank said in addition to centralized lending and borrowing, institutions would be able to earn returns through its staking and decentralized finance, or DeFi, programs. At the moment, SEBA Bank customers can earn yields on Polkadot, Tezos and Cardano. However, the bank intends to add more proof-of-stake protocols over the next few months. SEBA pointed out that it will be the first fully regulated bank to offer investors access to yields in decentralized finance (DeFi) protocols.

SEBA Bank was launched in 2018 to become one of the first digital asset-focused financial institutions in the world. The bank has received a custody license in Switzerland, allowing it to offer numerous financial services to both retail and institutional traders and investors.

The past few years have seen SEBA Bank participate in funding numerous projects within the cryptocurrency space.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.