Danske Bank Opens Retail Bitcoin Access After Years of Crypto Resistance
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.
Crypto reversal for Danske Bank
The decision marks a reversal from Danske Bank’s earlier stance. In 2018 the lender refused to support cryptocurrency trading and warned customers against investing in digital assets, maintaining an internal restriction as recently as 2021, according to Decrypt.
Lysholm said the new access should not be interpreted as an endorsement of cryptocurrencies, but as a way to meet customer interest within a regulated framework while maintaining strong warnings about risk.
Despite offering access, the bank stressed that it does not view cryptocurrencies as part of a long-term portfolio strategy.
The bank said it does not provide advisory services for these products and described them as opportunistic investments that carry the potential for significant losses.
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