- Danske Bank now offers Bitcoin and Ethereum ETP trading for customers via the Danske eBanking and Danske Mobile Banking platforms.
- However, it repeatedly warned them about the dangers inherent in crypto-related investments.
Danske Bank, the largest bank in Denmark, is now allowing customers to gain exposure to the two largest cryptocurrencies by market cap: Bitcoin (BTC) and Ethereum (ETH). The announcement came from the financial institution’s website on Wednesday.
Bitcoin and Ethereum ETP Listings in Danske’s eBanking and Mobile Banking Apps
According to Danske Bank’s press release, customers can invest in BTC and ETH through exchange-traded products (ETPs). They can access both investment instruments via the institution’s native trading platforms on Danske eBanking and Danske Mobile Banking.
The option lets customers invest in institutional-grade, regulatory-compliant products that track the performance of Bitcoin and Ethereum without the complexity of managing and storing the virtual assets in a digital wallet or the burden of signing up to third-party crypto exchanges to trade them. It also eliminates the risks associated with self-custody of digital assets. The features are already included in more than 15,000 different securities found in Danske’s online and mobile apps.
The bank no longer requires investors to seek investment advice before trading them. However, it reminds them of the level of risks involved in crypto, so it recommends that they should still conduct due diligence in their own accord.
Caving Into Customer Demand
Kerstin Lysholm, Head of Investment Products & Offering at Danske Bank, revealed that their listing of Bitcoin and Ethereum ETPs came in response to the inquiries they have been receiving from customers who wanted to invest in crypto. She highlighted that the passage of the European Union’s Markets in Crypto-Assets Regulation (MiCAR) had led to their increased confidence in finally opening crypto access to bank clients.
Additionally, Lysholm noted that they no longer offer advisory services for investors in their crypto ETPs, as they only consider them “opportunistic investments rather than part of a long-term strategy.” Likewise, she stated that customers should not interpret Danske Bank’s BTC and ETH ETP listings as a recommendation to invest in the asset class.
The announcement notably repeatedly emphasized the risks of investing in crypto-related products up to its final paragraph, just for good measure. It was likely to keep the bank away from potential regulatory or legal issues with clients.
Crypto Adoption in Denmark
Denmark, Finland, and Sweden have consistently ranked high in crypto adoption across the Nordic region. The Nordic Crypto Adoption Survey, published in 2025, found that 6.5% of adults in Denmark own crypto.
The researchers indicated that young adults accounted for a majority of crypto users in Denmark. They projected that crypto penetration in the country will reach approximately 20% by 2034.
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