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DenmarkDenmark based CASP4.8/5

Three ways to trade crypto — one MiCA-licensed platform

MiCA CASP licensed · Finanstilsynet FTID 10902 · Operating since 2019 · Non-custodial — delivered to your own wallet

Native Swap for cross-chain trades. Broker Desk for DKK/EUR on/off ramp with deep liquidity. OTC for block trades from €100K. All under one Danish CASP license, crypto delivered to your own wallet, and Danish support.

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Our trade products

Pick the product that matches your trade

  • Native Swap

    Cross-chain swap across 28+ networks without bridges or wrapped tokens. Each trade settles directly on the destination chain — you receive the native asset.

    Best for: When you want to swap between chains (e.g. BTC → SOL) without juggling wallets and bridges.

    Start swapping

  • Broker Desk

    Buy and sell 190+ crypto-assets with DKK or EUR direct from your Danish bank — a flat 2%, a named broker, no hidden spreads. Delivered to your own wallet. Min order €1,000.

    Best for: When you trade at size, want personal service, or need an on/off ramp between fiat and crypto.

    Explore Broker Desk

  • OTC

    Block trades from €100K with bespoke execution. Market-leading prices via our broker network, confidential settlement, dedicated OTC trader.

    Best for: When you trade over €100K, need to minimise market impact, or want to pick up the phone to a Danish trader.

    Talk to the OTC desk

Cashing out instead? Every product settles in DKK or EUR to your own bank — see how selling crypto works on Penning.

Transparent pricing

The price you see is the price you pay

One flat 2% trading fee, shown before you confirm — no hidden FX spread. A typical "0%-fee" platform looks cheaper but bakes 1–3% into the exchange rate, so the "free" trade costs you more.

Penning2% flat

A visible trading fee, shown up front. €10,000 in means you see exactly what converts to crypto.

Typical "0%-fee" platform1–3% hidden

Buried in the spread. The headline says "no fees" — you pay it on the exchange rate instead.

No bank fees and no deposit fees — network costs are passed through at cost, never marked up.

See how pricing works
Quick comparison

Which product fits your trade?

ProductBest forMinimumFeeSettlementCustody
Native SwapCross-chain swaps across 28+ networksNone2% flatDirect on the destination chainSelf-custody
Broker DeskDKK/EUR in and out, personal service€1,0002% flatOn Penning account, instantNon-custodial — your wallet
OTCBlock trades over €100K€100,0002% flat, negotiableConfidential, settlement agreed 1:1Non-custodial — your wallet
Our ecosystem

Supported networks

Trade and invest across 28+ networks

ArbitrumHarmonyGMXHedera HashgraphPolygonTHORChainXRPBitcoin CashAvalancheBitcoinEthereum ClassicAlgorandWavesTezosTRONEthereumCosmosNEAR ProtocolPolkadotCardanoKusamaStellarMinaSolanaLitecoinFilecoinDogecoinBinance Smart ChainBNB

Supported tokens

Trade & invest across 190+ tokens on 28+ networks — need a specific asset or size? We'll source it via a custom mandate.

See all tokens
BTC/BTC token pair
BTC/BTC
ETH/WBTC token pair
ETH/WBTC
LTC/LTC token pair
LTC/LTC
ETH/ETH token pair
ETH/ETH
BCH/BCH token pair
BCH/BCH
AVAX/AVAX token pair
AVAX/AVAX
ETH/USDC token pair
ETH/USDC
BSC/BNB token pair
BSC/BNB
XRP/XRP token pair
XRP/XRP
ETH/USDT token pair
ETH/USDT
DOGE/DOGE token pair
DOGE/DOGE
THOR/RUJI token pair
THOR/RUJI
Why regulated matters

Regulated where it counts

Penning Financial Services is licensed by the Danish FSA (Finanstilsynet) as a CASP under MiCA. That means regulated conduct, non-custodial delivery — your crypto lands in a wallet you control — and a platform most EU competitors can't legally operate.

MiCA, explained →Our CASP license →See how Penning compares →

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What clients are saying

Testimonials

See all on Trustpilot
Excellent support and an easy-to-use platform! The phone is always answered quickly, or they call back shortly after if you have any questions. Just a few hours from fiat in your traditional bank to crypto in your own wallet.

Ulrik Bruhn

October 21, 2025

01/05

Trading on Penning — frequently asked questions

FAQ

Native Swap is for cross-chain swaps (e.g. BTC → SOL) without bridges. Broker Desk is the day-to-day way to buy and sell crypto with DKK/EUR — good from €1,000 through medium volume. OTC is for block trades from €100K where you need bespoke execution without moving the market.

Find your fit

Three ways to own crypto with Penning

Trade yourself

Trade

Buy, sell and swap 190+ assets at your own pace — instantly, or with broker-desk and OTC support.

You're here
Have a strategy managed

Invest

Penning runs a backtested portfolio strategy for you — the Edge and Trade packages, from €5,000.

Full wealth management

Wealth

Long-term, advisor-led crypto management for larger portfolios — and the advisors who serve them.

Ready to trade crypto?

Open a free Penning account in minutes. MiCA-licensed in Denmark, one regulator, all three trade products.

Crypto-assets are volatile and your capital is at risk. This is not investment advice. Read the full risk disclosure