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Denmark’s Danske Bank ends 8-year ban, launches Bitcoin and crypto trading; why the bank still classifies cryptocurrencies as ‘speculative investments’ rather than an asset class

Denmark’s Danske Bank ends 8-year ban, launches Bitcoin and crypto trading; why the bank still classifies cryptocurrencies as ‘speculative investments’ rather than an asset class

Denmark’s largest bank, Danske Bank, has ended its eight-year ban on cryptocurrencies and launched Bitcoin and Ethereum exchange-traded product (ETP) investment services for customers, reported Cryptopolitan. The move reflects growing demand from investors and wider acceptance of digital assets in global finance. However, the bank still does not treat cryptocurrencies as a formal asset class. Danske Bank continues to label them as ‘speculative investments’ due to their high price volatility. According to Ledger Insights, the Danish bank is offering three ETPs from BlackRock and WisdomTree through its mobile and online banking platforms.

“The ETPs give exposure to Bitcoin and Ethereum in an easy and simple manner without investors…

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