Denmark based CASP4.8/5Penning vs Firi — the MiCA-licensed Danish alternative
Firi is the largest Nordic crypto exchange (founded in Oslo, 2017, ~400,000 users), MiCA-authorised by Norway’s Finanstilsynet and passported into Denmark. Firi is now a fully MiCA-licensed Nordic exchange that serves Danish customers with DKK bank rails and Danish-language support, so the basics are close. It comes down to three things: Firi is Norwegian-regulated and custodial with a short ~18-coin list, while Penning is Danish-regulated, delivers crypto to a wallet you control, and lists 190+ assets with managed strategies.
Firi is a MiCA-licensed Nordic exchange (Firi AS, authorised by Norway’s Finanstilsynet, 22 May 2026) that serves Danish customers. Penning is the Danish-authorised alternative: supervised by Finanstilsynet in Denmark, non-custodial (crypto delivered to your own wallet), with 190+ assets and MiCA-licensed portfolio management.
Comparison
Penning vs Firi — feature by feature
Firi is based in Norway (MiCA-licensed, passported to Denmark). The comparison below reflects published information about each platform's product offering.
| Penning | Firi | |
|---|---|---|
| Regulatory status | CASP authorised by the Danish FSA (FTID 10902), MiCA across the EU | CASP via Firi AS (Norway’s Finanstilsynet), authorised 22/05/2026; passported into DenmarkSource: Firi + ESMA CASP register · checked 25 Jul 2026 |
| Who holds your crypto | Not held — delivered to your own wallet on every trade | Custodial — Firi holds client crypto; custody is part of its authorisationSource: Firi authorisation page · checked 25 Jul 2026 |
| Fiat rails | DKK via a Danish bank + EUR via SEPA | DKK bank transfer supported (free deposit; 45 kr. withdrawal, min. 500 DKK) alongside NOKSource: Financer.dk Firi review · checked 25 Jul 2026 |
| Pricing model | Transparent fee shown pre-trade; no monthly fee | 0.7% per trade, plus a 1–3% markup on direct purchases and +3.9% on card/Vipps/Apple PaySource: firi.com/prices + Financer.dk · checked 25 Jul 2026 |
| Assets | 190+ assets, delivered to your own wallet on 28+ chains | A curated list of roughly 18 assetsSource: Financer.dk Firi review · checked 25 Jul 2026 |
| Portfolio management | The only Danish CASP authorised for MiCA service (i); offered as Penning Invest | Automated savings and staking (ETH/ADA/SOL); no discretionary portfolio-management productSource: firi.com · checked 25 Jul 2026 |
| Native cross-chain swap | Native Swap — settles in the destination asset on 28+ chains | Not offeredSource: firi.com · checked 25 Jul 2026 |
| Danish tax documentation | A complete transaction record to support your own SKAT filing | In-app tax calculator; auto-reports under the EU’s DAC8 directive from 01/01/2026Source: Financer.dk Firi review · checked 25 Jul 2026 |
Good fit
Who Penning is a good fit for
Penning fits if you want a Danish-authorised (not passported) CASP, crypto delivered to a wallet you control, a far broader asset range, cross-chain Native Swap and managed strategies. Firi is a solid, now MiCA-licensed Nordic choice for a simple, curated buying-and-saving experience — particularly if you want a small, beginner-friendly app.
Frequently asked questions
FAQ
Yes. Firi AS holds a MiCA CASP licence from Norway’s Finanstilsynet (granted 22 May 2026), passported into Denmark, and it runs a Danish branch. It is Norwegian-regulated, not Danish.
Alternatives
Other comparisons
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