Danske Bank has introduced cryptocurrency investment options through Bitcoin and Ethereum exchange-traded products on its trading platform.
The offering allows customers to gain regulated exposure to digital assets without holding cryptocurrencies directly.
The move responds to rising demand while complying with MiFID II and the EU’s MiCA framework.
Access remains limited to self-directed investors who meet knowledge and experience requirements.
Danske Bank expands regulated access to Bitcoin and Ethereum ETPs
According to a recently released press release, Danske Bank now offers three cryptocurrency ETPs via Danske eBanking and Danske Mobile Banking.Â
The products track Bitcoin through two separate ETPs and Ethereum through one ETP. Customers do not need digital wallets, as the ETP structure handles custody.
The bank selected BlackRock and WisdomTree as product providers. Both firms operate as established international asset managers.
The cryptocurrency ETPs target clients who use the trading platform without advisory services.
Before trading, customers must complete an assessment questionnaire. The bank uses the test to evaluate knowledge of cryptocurrency investment risks. Only investors who demonstrate sufficient understanding gain access.
MiFID II governs these investment products and requires standardized risk and cost disclosures. The framework strengthens investor protection and transparency.
The EU’s Markets in Crypto-Assets Regulation has also improved oversight across the cryptocurrency sector.
Kerstin Lysholm, Head of Investment Products and Offering at Danske Bank, said the bank has received more enquiries as cryptocurrencies gained wider recognition. She stated that improved regulation has increased confidence in the asset class. However, she stressed that offering Bitcoin and Ethereum ETPs does not amount to a recommendation.
No advisory services as the Bank maintains risk warnings
Danske Bank views cryptocurrency investments as opportunistic rather than core long-term holdings.
The bank does not provide advisory services for Bitcoin or Ethereum ETPs. Investors must make independent decisions on the self-directed platform.
Lysholm said the bank prioritizes proper investment practices for its customers. She explained that ETPs offer clear advantages over direct cryptocurrency ownership.
The structure improves trading efficiency and removes storage risks linked to private wallets.
Customers can trade cryptocurrency ETPs with the same ease as other securities. The integration expands access within a platform that already lists more than 15,000 securities.
The bank continues to warn about the high-risk nature of cryptocurrency investments. Price volatility can lead to substantial losses.
Danske Bank said it seeks to balance customer demand for regulated crypto exposure with disciplined risk management.