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Interactive Brokers Launches Ethereum Staking Service via Zerohash

(5 hours ago) · 1 source · Summarized by CryptoBipto

Interactive Brokers, a major online brokerage, has introduced Ethereum staking for its clients through a partnership with crypto infrastructure provider Zerohash. The service allows Interactive Brokers users to stake their Ethereum holdings directly through the brokerage platform.

WHY IT MATTERS

If you have a regular investment account, you might know Interactive Brokers as a place to buy stocks and bonds. Now they are letting customers do something called "staking" with Ethereum, a major cryptocurrency. Staking is a bit like putting money in a savings account that earns interest — you lock up your crypto to help the network run securely, and in return you earn rewards. The difference is that a traditional brokerage firm is now offering this service, which means people who are used to regular investing platforms can participate without needing to use a separate crypto exchange or wallet. This is an example of how traditional finance and crypto are becoming more connected.

Interactive Brokers is one of the largest electronic brokerage firms in the world, serving both retail and institutional investors. The company has now added Ethereum staking to its suite of crypto-related services, using Zerohash as its backend infrastructure partner.

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