- Social trading platform Fomo has raised $75 million in a Series B round at a $550 million valuation.
- Fomo said it combines trade discovery, order execution, identity, reputation and public buy-and-sell records in a single app, and that about 30% of its 650,000 users have become active traders.
- Forbes said U.S. regulators clarified that crypto apps that do not directly custody customer assets do not need to register as broker-dealers, increasing the chances of related services returning to the U.S. market.
Forecast Trend Report by Period
Crypto social trading platform Fomo has raised $75 million in a Series B round, even as the broader digital-asset market remains sluggish and…
