TL;DR
- Nordea Bank has lifted its previous ban on cryptocurrency investment products for its customers.
- Customers can now purchase an exchange-traded product linked to Bitcoin.
- The bank does not offer advice on this new investment option.
Nordea Bank Abp has removed its earlier prohibitions on cryptocurrency transactions. The institution now allows customers to trade a financial product connected to Bitcoin through its banking systems.
“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.”
This alteration reflects a shift in how traditional banks approach crypto assets. Nordea stated that its previous cautious stance resulted from inadequate regulatory frameworks and limited investor protections. The bank now assesses the cryptocurrency market as developed enough to support such offerings.
The specific instrument is a synthetic exchange-traded note tied to Bitcoin’s value. Nordea clarified that clients can purchase this note, but the bank will not provide any recommendations or advice on it. This step matches initiatives undertaken by other large financial companies in recent periods.
Evolving Practices in Finance
JPMorgan Chase & Co began accepting cryptocurrency-linked exchange-traded products as loan collateral earlier this year. The firm aims to include direct holdings of Bitcoin and Ethereum in this facility before December. Additionally, a coalition of nine major banks disclosed intentions to issue a stablecoin pegged to the euro by 2026. This alliance includes Danske Bank, which operates in similar markets as Nordea.
Concurrently, the Basel Committee on Banking Supervision is reviewing potential amendments to its guidelines for bank activities involving cryptocurrencies. The committee had previously set strict capital and risk requirements for these assets.
Nordea’s decision aligns with an expanding trend of financial firms embedding crypto asset services into their offerings as the market evolves. Such integration proceeds without official endorsements or dedicated advisory support for these products. The banking sector’s gradual embrace of digital assets is weaving them into the fabric of mainstream finance, though with measured steps.
