Danske Bank said it is opening access to Bitcoin and Ether ETPs for self-directed clients after years of caution on crypto, citing rising customer demand and clearer EU rules. Danske Bank, the largest bank in Denmark and a major retail bank in Northern Europe with over five million customers, is allowing clients to buy Bitcoin and Ether exchange-traded products (ETPs) from BlackRock and WisdomTree via its eBanking and Mobile Banking platforms for the first time. The new offering, announced Wednesday, is open to self-directed investors only — customers who trade on the bank’s platform without receiving investment advice — and is explicitly framed as a response to “increasing customer demand” and “improved regulation” in the wake of the European Union’s Markets in Crypto Assets (MiCA) regime. The bank said customers can initially buy three “carefully selected” ETPs, two tracking Bitcoin (BTC) and one tracking Ether (ETH), offered by BlackRock and WisdomTree and covered by Markets in Financial Instruments Direc...
Data observed across 66 corridors in Africa shows conversion costs from 1.5% to 19% in January, with competition driving pricing gaps. Africa recorded the highest median stablecoin-to-fiat conversion spreads among tracked regions in January, according to data observed by payments infrastructure company Borderless.xyz, covering 66 currency corridors and nearly 94,000 rate observations. The regional median spread was 299 basis points, or about 3%, compared with about 1.3% in Latin America and 0.07% in Asia. In Africa, conversion costs ranged from about 1.5% in South Africa to nearly 19.5% in Botswana. The data measures “spreads,” or the gap between a provider’s buy and sell rate for a stablecoin-to-fiat pair. Similar to a bid-ask spread in traditional markets, it reflects the execution cost paid when converting stablecoins into local fiat currency. Read more