Crypto Platform Fomo Raises $75M Series B, Hits $550M Valuation

Crypto trading platform Fomo has secured $75 million in Series B financing, with Index Ventures leading the round and Union Square Ventures also taking part. The investment puts the company’s valuation at roughly $550 million.

Founded by former dYdX team members, the company is focused on making on-chain trading more streamlined and accessible. Building on this core goal, it is also preparing to extend its offerings beyond crypto into tokenized equities, derivatives, and a wider range of blockchain-based financial instruments.

Source: Fortune