Online broker eToro has enhanced its local offering for users in Denmark by allowing them to deposit and trade directly in DKK, alongside USD.

eToro will roll out several new updates set to improve how Danish users build wealth on the platform, including reduced currency conversion costs and instant bank transfers.

Danish users can now choose to fund trades from their DKK or USD balance, rather than converting to USD by default. When investing in Copenhagen-listed stocks, they can eliminate conversion fees by funding trades in DKK.

Additionally, users will benefit from major discounts on currency conversions between DKK and USD when buying USD-listed assets. Conversion fees start from only 0.75%, and can be lowered to as little as 0.15% depending on the user’s eToro Club tier.

Doron Rosenblum, Executive Vice President, Business Solutions at eToro, commented:

“As we continue strengthening our presence in Denmark, we want to offer our users access to a global offering alongside a localised investment and money management experience. Introducing DKK accounts enables users to reduce costs and manage their currency exposure more effectively, improving Danish investors’ domestic and international trading experience.”

Users will also soon be able to deposit BTC, ETH, USDC, and XRP from external wallets to eToro and convert them to DKK, which can then be easily reinvested in any instruments on eToro, withdrawn or spent.

The company has also announced upcoming improvements to how Danish users deposit funds. An Open Banking solution will enable instant bank transfers without leaving the eToro app.

Last year, eToro expanded its partnership with Nasdaq to provide broad access to Nordic-listed stocks, bringing real-time trading data for over 210 additional stocks listed in Copenhagen, Helsinki and Stockholm. This made eToro the first non-Nordic platform to offer complimentary real-time access to Nasdaq Nordic market data globally.