The social trading platform reports $25 million in transaction volume from new users via Apple Pay integration.
Social trading platform Fomo raised $75 million in funding, elevating its valuation to $550 million. The company reported over 68,000 users made their first cryptocurrency purchase on the platform using Apple Pay, driving roughly $25 million in transaction volume.
Fomo’s growth follows the launch of perpetual futures contracts in June and surpassing $2 million in referral fees paid to users. Competitors like Binance and Bybit also offer copy-trading features, but Fomo’s social integration has drawn attention for attracting new traders.
Delphi Digital noted Fomo generated higher monthly fees than Moonshot in November, despite being a younger product with lower fees. The platform enables real-time trade copying across multiple blockchains without manual asset bridging.