After Eight Years, Danske Bank Reopens Crypto Exposure Through Regulated ETPs
Danske Bank has started offering Bitcoin and Ethereum exchange-traded products (ETPs) on its trading platform. The move ends the bank’s crypto trading restriction, which began in 2018. Customers can access the products through Danske eBanking and Danske Mobile Banking.
The ETPs provide price exposure without customers holding cryptocurrencies. The bank says the ETPs trade on regulated venues, and investors avoid direct crypto wallet custody. Danske Bank links the rollout to customer demand and stronger European Union regulation. The bank calls the products high-risk and says customers must accept possible large losses.
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