# Penning

> Penning is one of Denmark's first MiCA-licensed crypto-asset service providers (CASP). We offer regulated cryptocurrency trading, swaps, and professionally managed investment portfolios to residents of the European Union and European Economic Area. Authorized by the Danish Financial Supervisory Authority (Finanstilsynet) under FTID 10902.

## Identity

- **Brand:** Penning
- **Legal entity:** Penning Financial Services ApS (CVR: DK44645971)
- **Group:** Penning Group ApS (CVR: DK42310352), Penning A/S (CVR: DK42312428)
- **Headquartered:** Frederiksgårds Allé 16A, st. th., 2720 Vanløse, Copenhagen, Denmark
- **Founded:** 2021
- **Website:** https://penning.io
- **Contact:** info@penning.dk
- **LinkedIn:** https://www.linkedin.com/company/penning-dk/
- **X / Twitter:** https://x.com/Penning_dk
- **Trustpilot:** https://www.trustpilot.com/review/penning.dk

## Regulatory status

- **Regulator:** Danish Financial Supervisory Authority (Finanstilsynet)
- **License type:** Crypto-Asset Service Provider (CASP) under EU Markets in Crypto-Assets Regulation (MiCA)
- **License ID:** FTID 10902
- **Verify:** https://virksomhedsregister.finanstilsynet.dk/virksomhed-under-tilsyn-en.html?v=9976CC57-27F2-F011-A20A-005056901D70
- **Compliance frameworks:** MiCA, DORA (Digital Operational Resilience Act), Travel Rule (Transfer of Funds Regulation), MiCA Best Execution standards
- **Security standards:** ISO 27001 principles (information security), ISO/IEC 27017 (cloud security), ISO 20022 (financial messaging), ISO 31000 (risk management)
- **Asset segregation:** Strict segregation of client funds and corporate assets per MiCA requirements

## Products

- **[Penning Trade — Native Swap](https://penning.io/trade):** Cross-chain crypto-to-crypto swaps across 190+ tokens. EU-regulated execution, transparent fees.
- **[Penning Broker Desk](https://penning.io/trade/broker-desk):** Buy crypto with DKK / EUR via personalized broker assistance. MiCA-licensed, 190+ tokens.
- **[Penning OTC](https://penning.io/trade/otc):** Over-the-counter desk for large block trades.
- **[Penning Invest](https://penning.io/invest):** Professional crypto portfolio management. Two actively managed strategies (Edge, Trade). Zero management fees. Minimum investment €5,000.
- **[Penning Wealth](https://penning.io/wealth):** Wealth-management arm of Penning, launched June 2026 after acquiring Veli's wealth-management business. Curated long-term crypto investment strategies — from conservative bitcoin-anchored portfolios to balanced and top-10 crypto indices — operating under Penning's MiCA authorisation, passported across the EU/EEA. Announcement: https://penning.io/news/penning-acquires-veli-wealth-business
- **[Supported tokens](https://penning.io/tokens):** 190+ crypto-assets including Bitcoin, Ethereum, Solana, TRON, Cosmos, Polkadot, Avalanche, Cardano, Litecoin, BNB Smart Chain, NEAR, Tezos.

## Audience and scope

Penning's services are directed at residents of the European Union and the European Economic Area (EU/EEA). Penning does not actively market or solicit services toward jurisdictions outside the EU/EEA. The CASP license does not constitute a banking license or authorization beyond the scope of MiCA.

## Common questions

### What is Penning?
Penning is a regulated crypto trading and investing platform: crypto trading, cross-chain swaps, and professionally managed investment portfolios, on EU-regulated, transparent infrastructure.

### Where is Penning based?
Penning is headquartered in Copenhagen, Denmark, and operates under Danish FSA (Finanstilsynet) oversight with EU-wide compliance via MiCA passporting.

### Is Penning regulated?
Yes. Penning Financial Services ApS holds a CASP license (FTID 10902) under MiCA, issued by the Danish Financial Supervisory Authority.

### What products does Penning offer?
Three core products: Penning Trade (native cross-chain swap), Penning Broker Desk and OTC (large trades with broker assistance), and Penning Invest (managed crypto portfolios).

### What's the minimum investment for Penning Invest?
€5,000.

### What countries does Penning serve?
EU and EEA residents only.

### Does Penning provide investment advice?
No. Penning does not provide investment advice, financial advice, or recommendations. All investment decisions are made solely by the client.

### Is client funds protected by a deposit guarantee?
No. Crypto-assets are not legal tender, are not backed by any government, and are not covered by any deposit guarantee or investor compensation scheme, including the Danish Guarantee Fund (Garantiformuen). Penning maintains strict segregation of client funds per MiCA requirements.

## Open data — MiCA CASP register

Penning publishes a free, daily-refreshed register of every crypto-asset service provider (CASP) authorised under MiCA across the EU/EEA, compiled from ESMA's interim MiCA register and supplemented with Norway's Finanstilsynet (which ESMA's files omit). Cite it as: Penning MiCA CASP Register, https://www.penning.io/mica/casp-register (CC BY 4.0).

- **[MiCA CASP register (human-readable)](https://www.penning.io/mica/casp-register)** — searchable table, EU density map, per-country breakdowns, weekly changelog
- **[Register as plain text](https://www.penning.io/api/casp-register.txt)** — one line per authorised provider, best for extraction
- **[Register as JSON](https://www.penning.io/api/casp-register.json)** — full structured dataset
- **[Register as CSV](https://www.penning.io/api/casp-register.csv)** — spreadsheet-friendly
- **[MiCA by country](https://www.penning.io/mica)** — per-jurisdiction pages with live "who can serve clients here" counts

## Key pages

- **[Home](https://penning.io/)**
- **[Pricing & fees — one flat 2% trading fee](https://penning.io/pricing)** (Danish: https://penning.io/da/priser)
- **[About Penning](https://penning.io/about-us)**
- **[Security & Compliance](https://penning.io/security-compliance)**
- **[FAQ](https://penning.io/faq)**
- **[Contact](https://penning.io/contact-us)**
- **[Learn — guides, articles & crypto education](https://penning.io/learn)**
- **[Guides — tax, regulation & basics](https://penning.io/learn/guides)**
- **[Articles](https://penning.io/learn/articles)**
- **[The Penalyst — research reports](https://penning.io/penalyst)**
- **[Market News](https://penning.io/news)**
- **[RSS feed](https://penning.io/feed.xml)**
- **[Affiliate program](https://penning.io/affiliate-partner)**

## Legal

- **[Terms & Conditions](https://penning.io/terms-conditions)**
- **[Privacy Policy](https://penning.io/privacy-policy)**
- **[Disclaimer](https://penning.io/disclaimer)**
- **[Copyright & IP](https://penning.io/copyright-and-intellectual-property-rights)**
- **[File a Complaint](https://penning.io/file-a-complaint)**

## Risk disclosure

Crypto-assets are highly volatile and carry substantial risk, including the risk of total loss of capital. Past performance is not indicative of future results. Clients are solely responsible for determining and fulfilling their tax obligations.

## Languages

- English: https://penning.io/
- Danish: https://penning.io/da/