Fintech firm Plum announced it is adding crypto trading services in France, Spain, Ireland, and Belgium. The London-based smart money platform teamed up with crypto firm Bitpanda to allow users in these countries to buy, sell, or hold BTC, ETH, ADA, SOL, and BNB.<\/p>\n
Plum, a UK-based smart money app, is launching crypto trading services in several European countries including France, Spain, Belgium, and Ireland, the company announced Tuesday. The move comes as part of Plum\u2019s partnership with crypto unicorn Bitpanda.<\/p>\n
To achieve this, the Plum app will integrate Bitpanda\u2019s application programming interface (API) tools to grant customers access to Bitpanda\u2019s crypto offerings through Plum\u2019s user-friendly interface. Customers will initially be able to buy, sell, and\/or hold five crypto tokens including Bitcoin (BTC), Ether (ETH), Cardano (ADA), Solana (SOL), and Binance Coin (BNB).<\/p>\n
\u201cWe\u2019ve chosen to offer five more established coins at this stage as we want to make financial management simpler for people and encourage a longer-term investing approach instead of shorter-term trading.\u201d<\/p>\n
\u2013 Victor Trokoudes, CEO and co-founder of Plum<\/cite><\/p>\n Further, customers can also buy fractional shares of these crypto assets through the app, allowing them to start investing in crypto with as little as \u20ac1. Plum will allow an unlimited number of crypto transactions and charge a fixed fee of 2.5% per transaction, while all investments will be physically backed and held in cold storage, the company said.<\/p>\n The addition of crypto trading services comes just a few months after Plum rolled out no-fee stock investing offerings in European Union (EU) countries. With crypto, the company aims to allow customers to diversify their portfolios in a one-stop shop.<\/p>\n Plum\u2019s foray into crypto marks another traditional finance (TradFi) firm that is betting on the rapidly-growing digital assets space. The move comes amid a critical and difficult period for the crypto world, which was further exacerbated after the recent FTX collapse.<\/p>\n But the launch of crypto trading services should not come as a surprise given that many bigger TradFi giants added crypto offerings in 2022. Earlier this year, fintech behemoth Mastercard announced a program that allows banks to provide crypto trading services to their clients. More recently, Fidelity Investments said it started offering commission-free crypto trading in 35 states.<\/p>\n This article originally appeared on The Tokenist<\/i><\/p>\n Sponsored: Find a Qualified Financial Advisor<\/b><\/p>\n Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.<\/p>\nPlum Joins TradFi Giants<\/h3>\n