PANews, June 22 – According to Fortune, crypto trading app Fomo has completed a $75 million Series B funding round led by Index Ventures, with participation from Union Square Ventures, bringing its post-money valuation to approximately $550 million. Other investors include Zygna co-founder Mark Pincus, Discord CEO Humam Sakhnini, Eventbrite co-founder Kevin Hartz, and others. Fomo was founded by former dYdX employees Paul Erlanger, Se Yong Park, and Prashan Dharmasena. Positioned as a non-custodial app that simplifies on-chain trading, it currently supports crypto assets and perpetual contracts, claims to offer more assets than Coinbase, is available globally, and adds around 3,500 new users per day. The company plans to use the new funds to expand its team and pursue potential acquisition opportunities.