Lysholm says customers have asked for a way to include crypto exposure in portfolios through the bank’s platform. She also links the decision to regulatory progress in Europe, including the EU’s Markets in Crypto-Assets Regulation (MiCA).
MiCA entered into force in 2023, and key provisions for crypto-asset services applied from 30 December 2024, which strengthened common standards.
Danske Bank’s earlier policy took a stricter position on crypto. The bank announced in 2018 that it would not allow cryptocurrency trading or crypto-based instruments on its platforms and advised customers to avoid the area. In 2021, the bank kept that restriction in place, even as client interest increased.
Danske Bank says it still does not recommend cryptocurrencies as an asset class. The bank says it does not offer advisory services for cryptocurrency investment products and treats them as opportunistic investments rather than part of a long-term strategy. It says customers should view access to selected crypto ETPs as an execution option on its trading platform, not a recommendation to invest in cryptocurrencies.
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