Ran Neuner Says Social Trading Apps Could Replace Crypto Exchanges
The Crypto Banter founder pointed to FOMO and rising app revenue as signs that crypto trading may shift toward platforms built around following other users.
Ran Neuner, founder and CEO of Crypto Banter, said social trading apps could eventually replace traditional crypto exchanges as users move toward platforms built around watching and following other traders.
Neuner identified FOMO, an app that lets users follow traders and receive alerts about their purchases, as an example of the model. He said a future platform could combine social networking with trading and make the experience more engaging than using a conventional exchange.
Earlier social-trading efforts by brokers such as Robinhood and eToro faced limits from Nasdaq trading hours and know-your-customer requirements, Neuner said. He argued that tokenized stocks remove the trading-hours constraint because they can trade continuously.
Neuner also pointed to crypto app revenue as evidence of what he considers the sector’s first real bull market, alongside artificial-intelligence agents transacting on blockchain networks. He said Hyperliquid and Pump.fun can generate as much as $5 million on some days, while FOMO can generate about $1 million a day.
Over the 30 days through Sept. 27, Hyperliquid generated about $55.2 million in revenue. FOMO generated about $32.7 million, and Pump.fun generated about $32.4 million.
The social-trading model would not necessarily require users to disclose every holding, Neuner said. He expects users to show some positions while keeping other funds private.
