Fomo spot trading volume tops $100 million for the first time

Former Magic Eden chief legal officer sh0edog, also known as Joe, has joined consumer crypto finance app fomo as general counsel, adding a legal executive with crypto experience dating back to 2016. In announcing the move, sh0edog said fomo is one of the fastest-growing consumer finance apps, with daily spot trading volume above $100 million, more than 61,000 daily active traders, a No. 5 ranking in the U.S. App Store finance category, and about $95 million in cumulative funding. The update adds operating and user-growth context to fomo's earlier disclosure that daily spot turnover had crossed the nine-figure mark for the first time, a milestone that points to stronger liquidity and user participation on the platform.

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