Danske Bank Opens Bitcoin and Ethereum Access After 8-Year Restriction

BlackRock and WisdomTree are supplying the products, which track Bitcoin and Ethereum price movements without requiring direct token ownership.

Bitcoin and Ethereum News

Denmark's largest lender

its cryptocurrency stance Tuesday by offering Bitcoin and Ethereum exchange-traded products to customers. Danske Bank had prohibited all crypto services since 2018, citing transparency and regulatory concerns.

The bank will provide ETP access through its eBanking and Mobile Banking platforms to self-directed investors who trade without receiving advice. BlackRock and WisdomTree are supplying the products, which track

and

price movements without requiring direct token ownership.

Kerstin Lysholm, head of investment products at Danske Bank, said customer inquiries increased as cryptocurrency became more established as an asset class. The EU's Markets in Crypto-Assets regulation framework improved oversight and pushed the bank toward offering regulated exposure options.

Danske initially

trading in 2018 after declaring it was negative toward digital assets. The institution

this restriction in 2021, explicitly stating it would not support cryptocurrency transactions or investments through its systems.