Only 4% of Danes own crypto, below European peers

Danmarks Nationalbank reported that 4% of Danish citizens owned cryptocurrencies in late 2025, the same share recorded in 2023. The finding comes from an Epinion survey of 3,013 residents aged 15 and older conducted between October and November 2025. Responses were collected through Denmark’s Digital Post system and by phone, and results were weighted to match national demographics.

Among holders, most reported holdings below 10,000 Danish kroner (about $1,570). The central bank estimated total national crypto holdings between roughly $317 million and $847 million. Indirect exposure through crypto-linked stocks and exchange-traded products rose since 2023 to about $211 million, roughly 0.4% of total equity holdings.

The survey found that roughly 70%–75% of holders kept assets with crypto-asset service providers, while about 20%–30% used self-hosted wallets. Use of cryptocurrencies for payments was rare; respondents reported treating crypto mainly as an investment or speculative asset rather than as a medium of exchange.

Ownership was concentrated among younger and higher-income individuals, with participation falling sharply among people over 60.

The staff paper noted that Danish banks have taken a cautious approach to crypto. Many banks previously did not allow customers to buy digital assets through bank platforms and often advised against such investments because of perceived high risk. The paper also pointed to earlier asymmetric tax treatment as a factor that may have discouraged broader adoption.

In early 2025, Danske Bank began offering customers exposure to Bitcoin and Ether through exchange-traded products, citing client demand and clearer regulation in the European Union, including the MiCA regulation.

Compared with several European peers, including Norway, Finland and the United Kingdom, Denmark’s reported ownership rate is lower; those countries report crypto ownership rates above 10%.