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Social trading platform Fomo raises $75 million, valued at $550 million

Crypto social trading and token discovery platform Fomo has raised $75 million in a Series B funding round that valued the company at $550 million. Cointelegraph reported that Index Ventures led the round, with participation from Union Square Ventures and existing investor Benchmark. Fomo said it has more than 625,000 traders a year after launch, with $4 billion in cumulative trading volume and 110 million social interactions.