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Bitcoin Suisse Looks to Make Ether Staking Available Before the Holidays

By Chris Torres | November 20, 2020

Crypto service firm Bitcoin Suisse is reportedly planning to roll out its ETH staking service prior to Christmas, regardless of the release date not finalized yet for Ethereum 2.0. 

Specifically, Bitcoin Suisse has reportedly disclosed the live status of the deposit contract on November 18th through Trustnodes,. 

This means that the new version of the second biggest protocol by market cap will most likely become a reality before Christmas.” The company further remarked. 

The company reportedly plans to make its staking service available upon the first day that Ethereum 2.0 is live. 

“This is one of the most significant milestones in crypto this year and we will be ready for our clients on day one.”

With the Ethereum 2.0 deposit contract has been publicly available, meaning any individuals who are looking to act as validator will be able to place their deposit, with the lowest stake being 32 Ether. The deposit contract has reportedly gathered more than 101,700 ETH deposits, values at approximately $48.2 million.

The first phase of ETH 2.0 will tentatively be released on the first day of December this year. Developers have decided the lowest allowed total staking threshold of 524,288 ETH as the trigger for the mainnet. The target needs to be hit earliest seven days in prior.

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