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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.
"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
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 is Denmark's only FSA-approved crypto portfolio management service. It provides access to professionally managed portfolios through three strategies:
All strategies include automatic rebalancing and full transparency.
Unlike platforms such as Revolut and Lunar, where crypto assets cannot be withdrawn, Penning offers true ownership.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.
Penning's license arrives at a pivotal time for the market:
"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
The MiCA license grants Penning the right to passport its services across all EU and EEA countries without additional national approvals.
The license also opens doors to new partnerships with financial institutions, wealth managers, and fintech companies seeking regulated crypto infrastructure.
Penning is authorized to provide seven regulated services:
Penning is the first Nordic-native crypto platform combining fully licensed Crypto-Asset Services with FSA-approved portfolio management.
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.
