Crypto Trading Startup Fomo Hits $550 Million Valuation After $75 Million Funding Boost

San Francisco, Tuesday, 23 June 2026.
Fomo, a social crypto trading platform, secured $75 million in Series B funding, reaching a $550 million valuation just a year after launch. Backed by heavyweights like Index Ventures and Union Square Ventures, Fomo now boasts 600,000 users and $4 billion in trading volume. The platform simplifies crypto trading with features like Apple Pay integration and gasless swaps, making it accessible to novices. Investors are betting on its hybrid model—combining social networking with trading—to redefine consumer blockchain engagement. The funding will expand its offerings into equities, perpetuals, and prediction markets, signaling a shift in how retail investors approach digital assets.