20.05.2026
The Financial Supervisory Authority has issued LHV Pank a crypto-asset service provider licence – the first for a bank in Estonia – enabling it to offer services throughout the European Union. Obtaining the MiCA licence provides LHV customers with secure access to crypto assets and supports the bank’s future plans in developing crypto-related services.
The MiCA licence supports LHV’s further expansion in offering crypto-asset services to clients. As a first step, the bank intends to review and update its current cryptocurrency offering by modernising and expanding the range of currencies and introducing staking functionality, with several additional crypto solutions also in development.
“LHV’s activity in the crypto sector is a response to people’s expectations and market demand. Innovation and customer focus are integral parts of LHV’s DNA. We have also always believed in the synergy between technology and banking. Bringing crypto solutions into LHV’s products and services supports LHV’s ambitions as an innovative bank of the future. We will continue to move in the areas of blockchain and tokenisation to provide our customers with an even better new generation of digital banking experience in the future," said Edgar Aronov, Head of Crypto Products at LHV.
Interest in acquiring and trading crypto-assets has increased significantly worldwide. On the one hand, the growth in popularity is driven by the increasingly active application of blockchain technology in various fields. The market for crypto-assets has also become more mature and there is a growing investor community whose members value crypto-assets as an increasingly credible alternative asset class.
According to Aronov, it is important for many investment enthusiasts that crypto services are provided through a bank, as it is safer and more convenient. “The MiCA licence issued to LHV Pank is an international quality mark that offers credibility to the investor,” Aronov said. This obliges the service provider to keep customers’ assets separate from their daily current assets. It is asset protection that is one of the most important arguments for favouring MiCA-licensed providers for crypto investments," Aronov explained. A MiCA licence comes with strict transparency requirements. For example, the licence requires LHV Pank to inform its customers very clearly about the fees, terms of service and risks associated with crypto-assets. "Although this may seem elementary, the same rules do not apply to unlicensed service providers. “The crypto-asset market licence is an additional layer of security for customers acquiring crypto assets,” Aronov noted.
The provider of crypto-asset services is AS LHV Pank. Read the terms and risks at lhv.ee and consult an expert.
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