What Does SP Say About the Potential for Ethereum Restaking to Create a New Crypto Bond Market

Ethereum staking services are gaining popularity, and S&P Global Ratings predicts that they could lead to the emergence of a robust ‘internet bond’ market. This shift opens up new yield opportunities for cryptocurrency investors.

So, what exactly is Ethereum restaking? It allows Ethereum holders to earn additional yield by staking their coins transaction verification on the blockchain. This process reinvests staking rewards to provide comp returns, similar to lending securities in traditional bond markets. Leading this innovation are platforms like Eigen, recently launched on Coinbase.

The impact of Ethereum restaking is significant. Andrew O, A&P Global’s digital assets lead, highlights its potential to boost economic growth in the crypto market. Staking allows Ethereum node operators to validate new services using established tokens instead on new and volatile tokens.

Currently, there are only a few active restaking services known as ‘actively validated services EigenLayer has already seen rapid adoption since its launch in, with over 53 million Ether (valued at $19 million) restaked on their platform. They have recently opened Phase 2 claims for the EIGEN airdrop, which further demonstrates their popularity. This success could inspire more players to introduce staking services and potentially transform the market.

However, the future of restaking relies heavily on regulatory approval. The US Securities and Exchange Commission will play a crucial role in determining its viability.

In other news related to trading desks:
Standard Chartered has recently launched a spot crypto trading desk in London.

: Ethereum