Fomo Hits 2.7 Million Users With $200 Million in Daily Trading Volume

2.7 Million Users, $14 Billion Traded

Fomo counts 2.7 million overseas users and processes roughly $200 million in trading volume every day, co-founder Park Se-yong said in an interview published on Saturday. Cumulative volume on the platform has reached $14 billion to $15 billion. Park presented those numbers as an early waypoint rather than a peak, and he set out a plan that reaches well past digital assets: a single application where users trade stocks, commodities, yield-linked products and prediction markets, and where each trade carries its reasoning with it. The core feature, in his description, is social. Users publish their buy and sell records, their profit and loss, and the investment case behind each position, so other participants can see not only that a trade happened but why. Park argued that most financial media deliver information after the trade has already taken place; on Fomo, the thesis arrives with the order. Asked whether liquidity or users matter more, he answered users, and added that people who never place a trade should still find value there. The founding complaint was access. Trading on-chain assets has meant mastering wallets and a stack of separate applications, a structure Park called unintuitive for ordinary users. Fomo's response is to keep the blockchain layer invisible and to put asset search, execution and information sharing in one interface. He expects global financial assets to migrate on-chain over time and wants the platform to connect equity markets in the United States, India and Europe so that any country's assets trade in one place. He also defined the audience narrowly enough to exclude part of the market: Fomo does not aim to build optimized tooling for high-frequency trading firms, professional market makers or specialist funds. The intended user base runs from complete beginners to experienced retail traders, with newcomers learning by watching how experienced participants actually position.

No Copy Trading, by Design

Copy trading is the platform's most conspicuous omission. Fomo users can watch what others buy and why, and Park said many have asked for automatic mirroring of other people's trades; the company has not built it. His stated reason is that learning from other investors matters, but the final investment decision has to be the individual's own. He described Fomo as a service that supplies information, education and context, not a tool that replaces judgment. The economics follow the same priority. More than half of revenue goes to community rewards and referral fees, and the remainder funds the team and the technology build-out. Park named scale as the main technical problem: keeping the platform stable for more than 200,000 traders in a single day is demanding engineering, and he wants headroom for more. Activity data backs the pace. Figures circulating this week put single-day active traders above 100,000, a different measure from the 2.7 million registered accounts. Fomo has also said it will support trading on the Arc mainnet from that network's launch day, an early commitment to new market infrastructure. Korea, where Park is currently meeting traders, institutions and industry participants, is being treated as a learning market rather than a launch target. No business plan has been announced for the country. His summary: the priority is to build community relationships and understand what local users find difficult before starting anything concrete. Growth, in his framing, is measured in new users rather than in trading volume, and the bigger opportunity lies with people who have never traded any financial asset, not with pulling digital-asset traders away from rival platforms.

Users Over Volume

The disclosure places Fomo among the retail venues with meaningful daily throughput, and its user-first metrics have accumulated during a broad bull market that rewards platforms pulling first-time participants into digital assets. Our reading is that the refusal to ship copy trading is a deliberate trade: slower monetization in exchange for positioning Fomo as an information layer rather than an execution shortcut, with more than half of revenue recycled into rewards and referral fees so that user acquisition works like a paid channel. Established venues on our Best Crypto Exchanges ranking have mostly treated social feeds as an add-on; Fomo is building the feed first. Execution now rests on the engineering task Park named, stable support for 200,000-plus daily traders, and on whether equities and prediction markets can actually be brought into one venue across jurisdictions with different rules.