
Why doesn't Fomo have copy trading? It's an obvious feature that fits their UX. If the leaderboard is the centerpiece, then copy trading would be the killer feature. It's a trading app. They earn through trading fees on buys and sells. Copy trading would massively increase transaction volume. The answer seems simple: it could make them an active advisor or manager of user funds. A big no-no for a US company without proper registration. But I find it hard to believe that after raising $94 million, they wouldn't hire lawyers and obtain the necessary licenses. The additional trading fees would cover those expenses many times over. So I don't think that's the reason. My guess: Se Yong believes automated copy trading would liquidate users faster than buying coins manually. When you manually buy another rug pull, you think it's your fault. "Skill issue." And you come again. But when you set up copy trading for cupsey and watch your portfolio evaporate - now it's the platform's fault.