Christopher from Memphis

Registered at the crypto broker Coinbase App 14 minutes ago.

» Try Coinbase App too
The crypto market is volatile. Don't risk more money than you can afford to loose.
Do not show again

Even traditional venues such as The Swiss Sygnum bank continues to explore crypto staking. With a new addition through Cardano’s ADA token after the bank recently announced that it is adding ADA staking to its portfolio.

It facilitates the bank’s users to stake the crypto token and earn rewards through the bank’s institutional program.

Sygnum adds Cardano staking

Sygnum bank is among the first digital assets bank through its cryptocurrency-friendly features. It is the first regulated bank that recognises staking services as an integral part of its platform. The crypto verse is not limited to trading with much more on offer. Crypto Staking has gathered much popularity due to the simplicity of earnings it provides holders. Holders of various crypto tokens earn significant rewards. Crypto Lists has observed that several platforms are venturing into crypto staking to attract more investors into the crypto market. Sygnum bank sets the pace as a prominent dominant digital bank by building a portfolio of cryptocurrencies available for staking. The Cardano’s ADA token is an addition to an ever-growing portfolio.

Staking on Sygnum is available to its users via its eBanking platform. These services fully integrate with Sygnum’s banking platform and facilitate institutional-grade security. Its security features include segregated wallets, secure private keys, and multi-layer security architecture integrated within its banking platform.

Staking involves participation in the verification of transactions on a Proof of Stake blockchain while earning staking rewards. It is dissimilar to the Proof of Work model, popular with Bitcoin, where the network relies on mining activity. Proof of Stake models relies on its token holders to lock up their crypto to maintain the network.

Rating: 9.17/10
Supply: 34,159,599,616 / 44,999,999,488
Release date: January 15, 2015

Description: Discover more about where to buy Cardano. See the latest price developments, risks and potential for the ADA coin now!

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.

A growing portfolio

During Sygnum bank’s announcement, Thomas Eichenberger, Head of Business Units, referred to the bank’s latest inclusion. He acknowledges that there is an increase in institutional adoption of digital assets alongside an increase in demand for the opportunity to earn rewards with an upside from underlying protocols. He takes pride in that Sygnum’s bank-grade staking now includes Cardano. It offers the bank’s clients a range of investment opportunities supported by the security and transparency of a regulated bank.

It is essential to note that ADA Cardano joins a growing crypto-staking portfolio of Sygnum. The bank also offers Proof of Stake currencies such as Internet Computer (ICP) and Tezos (XTZ). It is also the first platform to offer Ethereum 2.0 staking to its users. Crypto Lists notes that Sygnum bank is a major regulated bank in Switzerland that introduced cryptocurrency staking two years ago by launching Tezos staking in November 2020. It then later announced in July 2021 that it would avail of Ethereum 2.0 staking on its network platform.

What Sygnum staking means to Cardano users

The Cardano Foundation CEO, Frederik Gregaard, is delighted for the crypto token to be included in one of the best cryptocurrency staking service providers, Sygnum. It exposes the digital asset to institutional investors. The Sygnum bank’s gross revenues increased tenfold in 2021 and its institutional client base approached 1000 in January 2022. The CEO mentioned that the addition to Sygnum allows Sygnum’s clients to participate in Cardano’s ecosystem. They can enjoy a risk-free staking experience without transferring ADA token asset or locking it. The Cardano CEO also claimed the Cardano architecture provides both the retail and institutional clients a unique proposition for holding the ADA token. Holders are to receive incentives on the Cardano network every five days. It ensures that they can access and withdraw their ADA token. He reiterated that one always has power over their ADA token with no slashing penalties in Cardano.

The Cardano network initiated staking rewards after launching the Shelley mainnet in July 2020. The upcoming Cardano Vasil fork prompted several crypto companies to work on Cardano-focused services. Ledger, a hardware wallet company, announced the integration of 100 Cardano tokens on its wallet software Ledger Live. Many expect the Cardano Vasil fork to upgrade Cardano’s network speed and scalability. This promises to make it more suitable for smart contracts and decentralised applications.

ADA moves to Crush Ethereum

Several parties in the crypto space speculate that Cardano is ramping up staking as Ethereum finalises its Proof of Stake transition. The highly anticipated shift of Ethereum from Proof of Work to Proof of Stake in September means it will be more eco-friendly. This jeopardises the stronghold of Cardano as one of the most valuable staking cryptocurrencies as per Crypto Lists. The effects of the Ethereum Merge could put away Cardano due to the popularity of Ethereum. However, there is speculation of further delay in Ethereum’s transition allowing Cardano to have a foothold in the staking arena.

by Our Certified Author
Cardano Newsflash
    Feel that va va voom on Vavada with a 1000 USDT welcomeFeel that va va voom on Vavada with a 1000 USDT welcome
    Tuesday, 20 Feb 2024 9:14 am
    With a beautifully designed site and games coming thick and fast from 40+ providers, boredom is likely never on the cards when it comes to Vavada Casino (review), a 2017 powerhouse site that we simply couldn't not review for you all. It's got a great range of games to try - obvious really, given the number of developers - alongside a small suite of promos and a large collection of tournaments. If that sounds up your street then it likely is, so why not sign up today and see if our review matches your real-life experience...
    Read the full newsflash

    Solis Bet: a new Cardano casino with a juicy welcome bonus!Solis Bet: a new Cardano casino with a juicy welcome bonus!
    Thursday, 31 Aug 2023 11:46 am
    There are exciting new crypto casinos popping up all the time, but at Crypto Lists we like to think we've got a pretty discerning eye and only review the best ones. One that we published today is the awesome Solis Bet (review). One thing we really liked with Solis was that you can deposit with Cardano (ADA). So, in simple terms it's a Cardano casino, a flourishing niche and one that sits alongside others including Solana casinos. And, there are 2000 games for you to enjoy from developers like BGaming, which is really cool because new casinos often don't have any big names. If you sign up now, you can get a welcome bonus worth up to 1250 EUR. So, what are you waiting for? Try Solis Bet now and get your hands on some tip-top prizes and play some great...
    Read the full newsflash

    Live luxuriously on a plush Cardano casino with Rollers VIPLive luxuriously on a plush Cardano casino with Rollers VIP
    Wednesday, 23 Aug 2023 7:42 am
    Do you want to live like James Bond, cavorting with luscious ladies on live casinos, sipping martinis while the roulette wheel spins? Then you might just be in luck since Rollers VIP (casino review) is freshly published on Crypto Lists. It combines the look and feel of many high-end Bitcoin casinos with payment methods such as Ether, Tron, and Cardano, otherwise known as ADA. You'll find over 70 different game studios provding thousands of titles covering video slots to live Baccarat. Whatever it is you're looking for, you'll find it at Rollers. So, if you want to channel your inner 007, sign up now and see if it deserves to be "Licensed to Thrill". Yep, we've got plenty more...
    Read the full newsflash

    Come try a Cardano casino with sportsbetting at Bitubet!Come try a Cardano casino with sportsbetting at Bitubet!
    Monday, 31 Jul 2023 12:22 pm
    Have you heard of a Cardano casino? Well, if you're a crypto gambler then you've almost certainly heard of the Cardano coin aka ADA. A Cardano casino is simply any site on our crypto casino toplist that in addition to Bitcoin also allows you to deposit and/or play with ADA. And, one such site that we've reviewed fairly recently is the magnificent Bitubet (see review). Not only can you bet on sports at this site but you can also enjoy a plethora of other gaming options. And, the big secret is, there's a huge 10,000 EUR (or equivalent in crypto) welcome bonus waiting just for you. If you have some Cardano burning a hole in your crypto wallet and you want to put it to fun use then try Bitubet now and experience the awesomeness...
    Read the full newsflash

    Have a top Wednesday on Canada777 with a 100% crypto bonus!Have a top Wednesday on Canada777 with a 100% crypto bonus!
    Wednesday, 31 May 2023 12:41 pm
    Say hello to Canada777's Wednesday exclusive offer. Deposit with Interac or any crypto and receive a 100% bonus up to $50. Use the promo code 100LIVE to claim your bonus and remember to make a minimum deposit of $20. But hurry, the bonus is only available for one day. But not to worry, there's also 20% cashback to enjoy every single day! Try Canada 777 now and see the range of promotions...
    Read the full newsflash

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
  • Gorilla logo
  • Dynasty Wars logo
     Dynasty Wars
  • Kaspa logo
  • IOTA logo
Keep up to date with

Our Newsletter

Sign up to our newsletter to get the
latest crypto news, new casinos,
bonus offers and other exciting
* indicates required
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top