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- Cardano is shaping mainstream finance as AMINA bank launches a staking service.
- Global banks are backing crypto-related services as regulations ease.
Switzerland-based AMINA Bank has continued to expand in the crypto and blockchain space. In a recent development, AMINA launched Cardano (ADA) staking services, expanding the coin’s integration within institutional finance.
AMINA Unveils ADA Staking Service
According to the announcement, the ADA staking service on AMINA is available to retail and institutional investors. This service reinforces Cardano’s influence as a leading blockchain and makes it more accessible, secure, and integrated into traditional finance.
With the launch of the ADA staking service, AMINA Bank customers can now engage with Cardano without navigating complex DeFi protocols. As a result, AMINA Bank legitimizes ADA as an asset class within the institutional ecosystem. The bank reduces risks associated with self-custody and smart contract interactions for customers who wish to use the new product.
This development is anticipated to attract more conservative investors who prefer to invest in crypto through a regulated banking institution. For Cardano, the staking service reflects its increasing recognition in the financial sector. The network’s staking participation rate will likely increase as more institutions integrate ADA into their offerings.
Additionally, higher staking participation means less circulating supply since more ADA is locked up for rewards rather than actively exchanged. As demand grows, this could contribute to a more stable price environment and drive long-term appreciation.
Furthermore, the launch of AMINA’s ADA staking service reinforces confidence in the broader crypto industry. It shows that blockchain-based financial services can co-exist with traditional banking. As more people understand this, future Cardano collaborations and the adoption of decentralized technologies seem likely.
The Cardano architecture makes it an attractive option for AMINA and other institutions. Unlike energy-intensive Proof-of-Work (PoW) networks, Cardano utilizes a unique Proof-of-Stake (PoS) mechanism. Cardano’s staking model offers efficiency, scalability, and environmental friendliness, aligning with the growing demand for sustainable financial products.
European Banks Lead in Crypto Banking
The launch of AMINA’s staking service comes amid favorable European crypto policies. The Market in Crypto Asset (MiCA) regulation boosts crypto adoption in Europe, providing clarity, security, and scalability.
As noted in our earlier post, Europe has taken the global lead in crypto banking. Notably, 55 banks now offer services, including trading, crypto custody, and fiat conversions in the continent. These institutions, which span Germany, Switzerland, the UK, and other jurisdictions, have embraced crypto faster than other continents.
While the US lags, banks in the country recently got a clear signal to push further into crypto. In a recent study, we reported that the Office of the Comptroller of the Currency (OCC) has eased restrictions. The OCC now allows US national banks and federal savings associations to engage in crypto activities with fewer regulatory hurdles.
Two renowned US banks, State Street and CitiBank, have revealed plans to launch crypto custody services. This decision follows news that the US Securities and Exchange Commission (SEC) canceled a controversial accounting bulletin, SAB 121.