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Cryptographic service provider Bitcoin Suisse plans to offer its Ethererum staking services before Christmas, underscoring the company’s expectations of an imminent Ethereum 2.0 launch.
In a statement released Wednesday via Trustnodes, Bitcoin Suisse said:
“The deposit agreement for Ethereum 2 is now active. This means that the new version of the second protocol by market capitalization will most likely become a reality before Christmas. “
The company intends to offer the staking service from the first day Ethereum 2.0 is active:
“This is one of the most significant milestones in cryptocurrency this year and we will be ready for our clients from day one.”
Bitcoin Suisse was founded in 2013, making it one of the first financial services providers focused on cryptography.
The Ethereum 2.0 Deposit Agreement is open, meaning anyone wishing to become a validator can deposit their minimum share of 32 Ether (ETH). As of Wednesday, the deposit agreement had over 101,700 ETH deposits worth nearly $ 48.2 million.
The first phase of ETH 2.0 is expected to launch on December 1, according to a blog post from the Ethereum Foundation earlier this month. The developers have set a minimum total staking threshold of 524,288 ETH as a trigger for the mainnet. The goal must be reached at least seven days before, so by November 24th.
At the current rate, it seems unlikely that enough ETH will be wagered to ensure a successful launch by December 1st. However, this could change rapidly as the cut-off date approaches. As ConsenSys engineer Ben Edgington recently told Cointelegraph:
“There is little advantage in betting early, so I think people are just taking their time.”
As a cryptocurrency custodian, Bitcoin Suisse allows investors to participate in Ethereum staking without having to meet the minimum threshold of 32 ETH. Svante Jorgensen, a blockchain engineer at the company, told Trustnodes earlier this year that Bitcoin Suisse offers “no lower limit on the size of staking.”
