The Future of Trading Could Look More Like Social Media, Says FOMO Co-Founder

Jennifer Sanasie and Eleanor Terrett sit down with Se Yong Park, co-founder of the social trading app fomo, at Korea Blockchain Week. Park tells the story of fomo's "anticlimactic" launch and how the app now aims to abstract crypto away entirely so anyone can sign in with Apple or Google and trade. He makes the case for "radical transparency," comparing on-chain visibility to the backlash over Facebook's 2006 news feed, and addresses the risks of influencer-driven pump-and-dumps and card networks reclassifying crypto purchases. - Chapters/Timecodes: 00:00 From an 'Anticlimactic' Launch to KBW 00:52 Making It Not Feel Like Crypto 01:20 Why Social — and 'Radical Transparency' 02:13 Influencers, Pump-and-Dumps and Risk 03:06 Card Networks Cracking Down on Crypto Trades 04:27 Social Trading in Asia vs. the World 05:18 The Vision: Speculate on Anything 05:45 Financial Education by Doing 07:04 Discovery, Not Just Access, Is the Next Frontier - #digitalfinance #finance #bitcoin Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Public Keys: https://open.spotify.com/show/1rqYzRV10nfKfoTpFXZhTE Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE The Policy Protocol: https://open.spotify.com/show/3Fh8ffulAWcCqMu0uVuwoj