Can I use all three products with the same account?

Yes. One Penning account gives access to Native Swap, Broker Desk, and OTC. You only need to complete KYC once (via MitID), and your DKK/EUR + crypto balances are shared across all three products.

Is Penning regulated to offer all three products?

Yes. Our Danish CASP license under MiCA covers both self-serve trading (Native Swap, Broker Desk) and OTC. Every trade is under the supervision of the Danish FSA, and client assets sit in segregated EU custody.

What does trading cost?

Native Swap and Broker Desk: 2% flat trading fee, no hidden spreads. OTC: bespoke pricing based on trade size and liquidity — typically a better all-in price than Broker Desk for trades over €100K. No monthly fees, no deposit fees.

How fast can I start?

Account ready same day via MitID (typically under 5 minutes). Native Swap works immediately. Broker Desk and OTC: once your first DKK/EUR deposit lands (0–2 bank days), you can trade.

Denmark based CASP4.8/5

Three ways to trade crypto — one MiCA-licensed platform

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 licence, segregated EU custody, and Danish support.

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Our trade products

Pick the product that matches your trade

Native Swap

Cross-chain swap across 30+ 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.

Read about Native Swap

Broker Desk

Buy and sell crypto with DKK or EUR direct from your Danish bank account. Deep liquidity, no hidden spreads. Min order €1,000.

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

Read about 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.

Read about OTC

Quick comparison

Which product fits your trade?

Product	Best for	Minimum	Settlement
Native Swap	Cross-chain swaps across 30+ networks	None	Direct on the destination chain
Broker Desk	DKK/EUR in and out, personal service	€1,000	On Penning account, instant
OTC	Block trades over €100K	€100,000	Confidential, settlement agreed 1:1

Our ecosystem

Supported networks

Trade and invest across 30+ networks

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

ETH/WBTC

LTC/LTC

ETH/ETH

BCH/BCH

AVAX/AVAX

ETH/USDC

BSC/BNB

XRP/XRP

ETH/USDT

DOGE/DOGE

THOR/RUJI

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

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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.

Ready to trade crypto?

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

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