Crypto trading app FOMO, launched in May 2025 by FOMO Labs Inc., has reached the top 3 finance apps on the US iPhone App Store, overtaking Cash App and prediction market platform Kalshi. Between 470,000 and 625,000 users had signed up by mid-2026, with cumulative trading volume estimated between $2.5 billion and $4 billion. The platform differentiates itself through its social-first approach, integrating copy trading, leaderboards, and real-time visibility into friends’ trades, all funded through Apple Pay. This ascent puts pressure on Coinbase, Cash App, PayPal, and Venmo, which already offer crypto trading but without this community-driven experience.
Source: Read the original article
