JP Morgan Eyes Ethereum Staking as ‘Fast Growing Revenue Opportunity’

[Magepai]

The investment bank has its eyes on ETH 2.0 and what it means for the crypto industry. JP Morgan, one of the world’s biggest investment banks and previously one that was skeptical of the cryptocurrency industry, has said it believes in the power of staking: the more energy-efficient way of creating and distributing cryptocurrencies.

The New York City-based bank said in a report that cryptocurrency staking overall makes the “crypto ecosystem more attractive as an asset class.” This is because staking could be a major source of revenue for retail and institutional investors, the bank said.source

[Noverteno]

It is quite possible to agree with this statement. Cryptocurrency now generally brings its holders more profit than other financial assets in other markets. The current opportunity to block pools of 32 ethereum, becoming validators on the ethereum network, is a very good opportunity to preserve and significantly increase the amount of this coin, which, moreover, should soon grow very much in value. While we are awaiting the results of the London hard fork, which is due to occur on July 14 and finally solve the problem of high transactions on this network.