Penning Becomes First Nordic Crypto Platform Licensed Under MiCA

Danish FSA approval enables institutional-grade crypto infrastructure for 450 million Europeans – as global giants exit the EU market

COPENHAGEN, January 20, 2026 — Penning has been granted a Crypto-Asset Service Provider (CASP) license under the EU's Markets in Crypto-Assets (MiCA) framework, becoming the first Nordic-native crypto platform to combine fully licensed trading services with FSA-approved portfolio management.

The authorization comes as several of the world's largest crypto platforms – including Binance – withdraw from the European market.

The license will enable Penning to offer seven regulated core services to investors across all 30 EEA countries – from custody and trading to professional portfolio management through Penning Invest.
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"MiCA has fundamentally changed the rules of the game. While others see regulation as a barrier, we see it as the foundation for the trust this industry needs. For Penning, this isn't the finish line – it's the starting point for building the Nordic region's leading crypto infrastructure.

— Jimmie Steinbeck, CEO & Co-founder

What Sets Penning Apart#

While other licensed platforms offer either trading or asset management, Penning is the only Nordic player with both under a single regulatory framework. This gives investors one integrated solution – from their first crypto purchase to long-term portfolio management.

Penning Invest: Professional Portfolio Management#

Penning Invest is Denmark's only FSA-approved crypto portfolio management service. It provides access to professionally managed portfolios through two strategies:

• Edge — Time the market with a dynamic BTC & ETH allocation paired with our Phoenix Protocol timing system
• Trade — 4–6 proprietary algorithmic strategies trading BTC & ETH futures around the clock

Both strategies include full transparency and a 24-hour exit notice — no long lock-ups.

True Ownership#

Unlike platforms such as Revolut and Lunar, where crypto assets cannot be withdrawn, Penning offers true ownership. Investors can transfer their assets to their own wallet at any time.

A Critical Moment for European Crypto#

Penning's license arrives at a pivotal time for the market:

• 300,000 Danes currently own crypto – a figure expected to triple within a decade
• DKK 95 million (€12.7M) lost to investment fraud in Denmark in 2024
• MiCA gives consumers a clear tool to distinguish regulated from unregulated platforms

"In the wake of FTX, trust has become the hardest currency in crypto. Our clients now work with a platform that meets the highest standards of European financial regulation. This is institutional-grade infrastructure built from the Nordics."

— Jimmie Steinbeck

European Expansion#

The MiCA license grants Penning the right to passport its services across all EU and EEA countries without additional national approvals.

Expansion Roadmap#

• H1 2026: Sweden and Norway
• H2 2026: Germany and the Netherlands

The license also opens doors to new partnerships with financial institutions, wealth managers, and fintech companies seeking regulated crypto infrastructure.

Licensed Services Under MiCA#

Penning is authorized to provide seven regulated services:

• Custody and administration of crypto-assets
• Exchange of crypto-assets for fiat currency
• Exchange between crypto-assets (Native Swap)
• Execution of orders on behalf of clients
• Reception and transmission of orders
• Portfolio management services (Penning Invest)
• Crypto-asset transfer services

About Penning#

Penning is the first Nordic-native crypto platform combining fully licensed Crypto-Asset Services with FSA-approved portfolio management.

• 200+ crypto-assets available for trading
• Native Swap for cross-chain exchanges
• Penning Invest for professionally managed portfolios
• Automatic Danish tax reporting‍

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Risk Disclosure:Crypto-assets are high-risk investments. The value can fall significantly, and you may lose part or all of your investment. Past performance is not a guarantee of future results. Penning Invest involves risk of loss, including the risk of losing your entire invested capital. Crypto-assets are not covered by investor compensation schemes or deposit guarantee schemes.