Nordea Bank allows customers to trade synthetic ETPs linked to Bitcoin on its platform

ChainCatcher news, according to Bloomberg, one of the largest banks in the Nordic region, Nordea Bank Abp, has announced that it will abandon its previous cautious stance on cryptocurrencies and will allow customers to trade Bitcoin-linked synthetic exchange-traded products (ETPs) for the first time through its platform.

In a statement, Nordea mentioned that due to the lack of regulation and investor protection in the crypto market in the past, the bank had maintained a "cautious attitude." However, now that the "market has matured," it has decided to open up trading for related products. Nevertheless, the bank emphasized that it will only provide trading channels and will not offer investment advice for these products.