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Fintech

Freetrade turns to crypto for European growth, plans to break even in 2024

The trading app says it could see a tenfold revenue spike as it looks for its latest round of crowdfunding

Freetrade is looking to continue bolstering its subscription service offerings as a more reliable revenue stream
Freetrade is looking to continue bolstering its subscription service offerings as a more reliable revenue stream Photo: Alamy

Freetrade has set its sights on cryptocurrencies as part of a push into Europe, as the well-known trading app plans to turn a profit by the end of 2024.

The platform, which started in 2018 permitting investments in UK stocks and ETFs, has applied for crypto authorisation with European regulators, according to crowdfunding documents seen by Financial News.

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