As the European regulatory environment for cryptocurrencies has matured and the demand for virtual currencies and cryptocurrencies is growing across the Nordics, Nordea has decided to allow customers to trade in a crypto-linked product on its platforms. 

The market for crypto-related investment products, especially exchange-traded products (ETPs) with a cryptocurrency as the underlying asset, has grown rapidly in Europe as institutional and retail investors seek to gain exposure to digital assets within established financial markets. 

Nordea has closely monitored trends in cryptocurrencies but maintained a cautious approach due to the unregulated nature of crypto-assets and the lack of investor protection and authority supervision that dominated the emergence of digital currencies. 

As the market has matured, Nordea has decided to allow customers to trade in an externally manufactured crypto-linked product on its platforms. The new product is manufactured by CoinShares International Limited, and it will be available on Nordea platforms in December 2025.

The product is a so-called synthetic ETP, a product category that gives investors the opportunity to get exposure to different asset types through traditional financial instruments. This ETP has Bitcoin as the underlying asset and is aimed at experienced investors seeking alternative asset exposure. It will be available in our execution-only offering, meaning that customers can buy this product, but Nordea does not offer advice on it.

EU-wide regulation in place for crypto-assets

In 2023 the EU adopted the so-called MiCa regulation (the Markets in Crypto-Assets Regulation). It provided the first EU-wide legal framework for crypto-assets. The regulation was fully implemented in December 2024 and has broadened the basis for crypto-based investment products in Europe by offering clearer rules and increasing investor protection.

The intention of the regulation is to help streamline the use of blockchain and distributed ledger technology as part of virtual asset regulation in the EU while protecting users and investors. It is expected that this technology will foster new types of business activity and business models that, together with the crypto-asset sector itself, can lead to economic growth. 

Against this background, Nordea remains open-minded to offering products and services to meet our customers’ needs as the environment matures.