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Fomo Adds Social Layer to Crypto Trading, Draws 2.7 Million Users in 17 Months

Fomo Adds Social Layer to Crypto Trading, Draws 2.7 Million Users in 17 Months

  • Fomo said it is a social trading app supporting seven networks including Solana, Base and BNB Chain, and that it has about 2.7 million users and handles $250 million to $300 million in daily spot trading.
  • Fomo said it plans to expand beyond memecoins into tokenized stocks, RWAs, major cryptocurrencies and stablecoin-based yield products, and to serve as a distribution channel by working with partners that offer regulatory compliance and liquidity.
  • Fomo said it has no plans to issue a native token and is targeting an IPO, aiming for a structure in which users can participate in the company’s growth through shares rather than tokens.

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