Danske Bank is now enabling customers to gain exposure to Bitcoin ($BTC) and Ethereum ($ETH) through regulated exchange-traded products (ETPs). These are accessible directly via Danske eBanking and Danske Mobile Banking platforms — without the need to hold the underlying cryptocurrencies, manage a digital wallet, or deal with the associated risks and complexities of direct ownership.
This marks a full reversal of the bank's longstanding policy: it imposed a crypto ban in 2018 and reaffirmed its negative stance in 2021. The change is driven by:
Increasing customer demand for ways to invest in cryptocurrencies through traditional banking channels,
Significant improvements in regulation across the EU, especially the MiCA (Markets in Crypto-Assets Regulation) framework, which has enhanced overall trust, transparency, and security in the crypto sector.
The offering is targeted at retail (self-directed) customers who trade independently on the platform without receiving investment advice from the bank. Before proceeding, customers must complete an appropriateness test, and the bank continues to emphasize that cryptocurrencies remain a high-risk asset class — it does not recommend them as an investment and stresses the potential for significant losses.
To start, Danske Bank is providing access to three carefully selected ETPs:
Two tracking Bitcoin,
One tracking Ethereum.
These are issued by reputable providers such as BlackRock and WisdomTree, and they comply with MiFID II rules for investor protection, transparency, and cost disclosure. This regulated structure offers advantages like easier trading, secure custody by professionals, and no need for personal crypto storage.
The initiative opens a regulated, transparent, and user-friendly path for retail investors in Denmark to participate in crypto markets. While adoption in Denmark has historically been modest, client interest has been steadily growing — now facilitated through familiar banking channels.
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