Key Takeaways:
- Danmarks Nationalbank found 4% of Danes owned crypto in 2025, showing ownership has stalled since 2023.
- Most local investors hold BTC or ETH, though Danish bank caution keeps adoption below 11% in Norway.
- Future trading will likely center on MiCA authorized platforms as only a small share use private wallets.
Demographic Trends and Preferred Assets
Approximately 200,000, or 4%, of Danish citizens owned cryptocurrencies in 2025, the same as in 2023, a new central bank study revealed. According to the study report, crypto-asset ownership among citizens seems broadly in line with 2023 levels despite the increased international attention the assets received last year. However, the proportion of Danes who own crypto—found in a survey of 3,013 citizens aged 15 and older—is slightly lower than the 6% (300,000) reported in a 2024 study by the Danish Ministry of Taxation.
Meanwhile, the latest Danmarks Nationalbank survey found crypto-asset ownership is most common among citizens under 40 and gradually declines with age. Around 80% of crypto owners hold one of three cryptocurrencies: bitcoin ( BTC), ethereum ( ETH) or XRP. On the other hand, only 20% of respondents said they hold stablecoins in their portfolios.
The study also noted that crypto ownership in the country is much lower than in fellow Scandinavian Norway, where it stood at around 11%. While this difference can be attributed to various factors such as methodological differences or sample selection, the survey findings could reflect a historical bias against crypto-assets by banks.
“Danish financial institutions have historically taken a cautious approach to crypto-assets. This is reflected, among other things, in the fact that most Danish institutions have previously not allowed their customers to purchase crypto-assets via their platforms and have discouraged such investments on the grounds that they involve high risk,” the survey report states.
Valuation and Income Distribution
In terms of average holdings, the study found most respondents report total crypto-asset holdings with an estimated value below $1,575 (10,000 Danish krone), and only a small share report holdings valued above $7,880.
Overall, the value of crypto-assets held by Danish citizens ranged between $472 million and $1.26 billion. Regarding the disparity between lower- and higher-income groups, the report states:
“The income distribution shows that crypto-owners are overrepresented in the higher income groups compared with others, and vice versa. The relatively higher income suggests that crypto-owners are more likely to have the financial capacity to invest in high-risk assets.”
The survey also found most citizens in Denmark trade and hold their crypto-assets through platforms authorized and subject to supervision under the Markets in Crypto-Assets (MiCA) regulation. Only a smaller share report holding crypto-assets in their own wallets, where custody takes place without the involvement of a third party.
