FOMO Co-Founder: Social Trading Is the Future—and Crypto Should Disappear

At Korea Blockchain Week, CoinDesk's Jennifer Sanasie and Eleanor Terrett sit down with Se Yong Park, co-founder of the social trading app FOMO, to unpack the story behind the app's self-described "anticlimactic" launch and where it goes from here. Park explains how FOMO now aims to abstract crypto away entirely, letting anyone sign in with Apple or Google and start trading without wrestling with wallets or seed phrases. The conversation centers on Park's case for "radical transparency" in social trading. He compares on-chain visibility to the backlash that greeted Facebook's news feed in 2006, arguing that open transaction data can build trust rather than erode it. He also addresses the darker side of social finance, including the risks of influencer-driven pump-and-dumps and the pressures tied to card networks. Throughout, Park makes the case that the future of trading may look less like a traditional exchange terminal and more like a social media feed—familiar, frictionless, and built for mainstream users rather than crypto natives.