European investment apps Freetrade and Plum plot crypto launches amid bitcoin's surge

Quick Take

  • Freetrade and Plum are hiring crypto specialists to build new investment tools
  • German neo-broker Trade Republic recently hired a former senior product manager from Coinbase

Two European fintech firms focused on facilitating investments are hiring teams to build new crypto trading tools, The Block has learned.

London-headquartered Freetrade and Plum both have crypto products in the works. The former’s core business is to enable users to invest in individual stocks, while Plum currently offers baskets of stocks that vary by theme and risk.

Freetrade, which is backed by the venture capital firm Draper Esprit, is currently seeking a principal product manager for its crypto offering. The person will be tasked with “devising and owning” Freetrade’s crypto strategy and will be given “a blank sheet of paper," suggesting the specifics of the product are still to be fleshed out.

“This role will lead the scoping and implementation of an institutional-grade crypto offering on Freetrade,” a spokesperson told The Block, adding: "This move into