Key points to remember:
- Danmarks Nationalbank found that 4% of Danes held crypto in 2025, showing that property has been at a standstill since 2023.
- Most local investors hold BTC Or ETHalthough the prudence of Danish banks keeps adoption below 11% in Norway.
- Future exchanges will likely focus on MiCA-authorized platforms, as only a small share uses private wallets.
Demographic trends and preferred assets
Around 200,000, or 4%, of Danish citizens owned cryptocurrencies in 2025, as in 2023, reveals a new study by the central bank. According to the study report, cryptoasset ownership among citizens appears broadly in line with 2023 levels despite increased international attention to the assets last year. However, the proportion of Danish owners crypto— found in a survey of 3,013 citizens aged 15 and over — is slightly lower than the 6% (300,000) reported in a 2024 study by the Danish Tax Ministry.
At the same time, the latest Danmarks Nationalbank survey found that ownership of cryptoassets is more common among citizens under the age of 40 and gradually declines with age. About 80% of crypto the owners hold one of the three cryptocurrencies: bitcoin ( BTC), Ethereum (ETH) or XRP. In contrast, only 20% of respondents reported holding stablecoins in their wallet.
The study also noted that crypto ownership in the country is much lower than in Scandinavian Norway, where it stands at around 11%. While this difference could be attributed to various factors such as methodological differences or sample selection, the survey results could reflect a historical bias on the part of banks towards cryptoassets.
“Danish financial institutions have always taken a cautious approach towards crypto-assets. This is reflected, among other things, in the fact that most Danish institutions previously did not allow their customers to purchase crypto-assets through their platforms and discouraged such investments on the grounds that they carry high risk,” the investigative report said.
Assessment and distribution of income
In terms of average holdings, the study found that most respondents report total cryptoasset holdings with an estimated value of less than $1,575 (10,000 Danish kroner), and only a small share report holdings valued at more than $7,880.
Overall, the value of crypto assets held by Danish citizens ranged between $472 million and $1.26 billion. Regarding the disparity between low and high income groups, the report states:
“The income distribution shows that crypto owners are over-represented in higher income groups compared to others, and vice versa. The relatively higher incomes suggest that crypto owners are more likely to have the financial capacity to invest in high-risk assets.”
The survey also revealed that most Danish citizens trade and hold their cryptoassets through platforms authorized and subject to supervision under the Markets in Cryptoassets (MiCA) Regulation. Only a smaller share report holding cryptoassets in their own wallet, where custody takes place without third-party intervention.
