"Denmark-based Danske Bank will now allow customers to invest in cryptocurrency-linked products tied to Bitcoin, marking a shift for Denmark's largest lender after years of resistance to the asset class. The bank said customers using Danske eBanking and Danske Mobile Banking can now gain exposure through exchange traded products, or ETPs, that track the performance of Bitcoin or Ethereum. The offering includes three products at launch, with two linked to Bitcoin and one linked to Ethereum."
"She pointed to stronger regulation across Europe, including the EU's Markets in Crypto-Assets Regulation, as a factor that has increased confidence in the sector. The ETP structure allows customers to invest without holding Bitcoin or Ethereum directly, removing the need for digital wallets and private key storage. The group said this provides a simpler route for investors while reducing operational risks linked to self-custody."
"The bank also highlighted that the selected products come from established providers such as BlackRock and WisdomTree. The bank said the ETPs fall under MiFID II regulations, which require investor protection measures and transparency around costs. Before customers can trade the products, Danske Bank will require a suitability assessment. Investors must answer questions designed to confirm they understand the risks and characteristics of cryptocurrency-linked investments."
Danske Bank will offer exchange traded products (ETPs) tracking Bitcoin and Ethereum to customers via Danske eBanking and Danske Mobile Banking, launching with three products: two Bitcoin-linked and one Ethereum-linked. The products provide exposure without direct custody, avoiding digital wallets and private keys. The bank cited rising customer demand and stronger European regulation, including the EU's Markets in Crypto-Assets Regulation, as reasons for increased confidence. The selected ETPs come from established providers such as BlackRock and WisdomTree and fall under MiFID II rules requiring investor protection and cost transparency. A suitability assessment will be required before customers can trade.
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