As of 2025, only around 4% of Denmark’s residents hold cryptocurrencies, making it the lowest level of crypto adoption compared to other European countries.
According to a study by Danmarks Nationalbank, the share of crypto-asset holders in the country has remained unchanged since 2023 and stands at about 4%, which is equivalent to ~200,000 people aged 15 and older. The majority of investors hold less than 10,000 Danish kroner (~$1,400).
The data presented in the study is based on weighted responses from a representative sample of 3,013 Danish residents aged 15 and above. The survey was conducted between October and November 2025.
The total volume of crypto-assets owned by Danish citizens is estimated at between 3 and 8 billion kroner. At the same time, the vast majority of investors prefer major cryptocurrencies such as BTC, ETH, and XRP, chosen by around 80% of holders. Stablecoins appear in the portfolios of only 20% of investors.
Cryptocurrencies are primarily perceived as an investment tool rather than a means of payment. Their use for transactions remains extremely limited.
Indirect participation of Danish citizens in the crypto market through securities is also low. Such investments amount to around 2 billion kroner, which is only 0.4% of total stock investments. However, this segment is growing due to increased investment in shares of crypto companies and the emergence of exchange-traded products tracking digital asset prices.
Compared to other countries, Denmark ranks in the lower part of the table in terms of crypto adoption. The share of digital asset holders is significantly lower than in several European countries as well as the United States. At the same time, the study authors note that direct comparisons are difficult due to differences in methodologies and survey periods.
Despite the global growth in crypto market capitalization and the development of regulation, including the implementation of the European MiCA framework in 2024, Danish participation levels remain relatively low even by international standards. This is partly explained by the cautious stance of local banks and the specifics of crypto taxation in the country.
