Social Trading Apps Poised to Disrupt Traditional Crypto Exchanges

Ran Neuner, founder and CEO of Crypto Banter, believes that social trading apps could potentially replace traditional crypto exchanges.

Neuner cites FOMO as an example of this model, where users can follow other traders and receive alerts about their purchases. He envisions a future platform that combines social networking with trading, making the experience more engaging than using a conventional exchange.

The current limitations on social-trading efforts from brokers like Robinhood and eToro are due to Nasdaq trading hours and know-your-customer requirements, but Neuner argues that tokenized stocks remove this constraint by allowing continuous trading.

Neuner points out that crypto app revenue has reached new heights, with Hyperliquid generating $55.2 million in revenue over 30 days through September 27, FOMO generating $32.7 million, and Pump.fun generating $32.4 million in the same period. He believes this is evidence of the sector's first real bull market.

According to Neuner, social-trading platforms would not necessarily require users to disclose all their holdings, allowing some positions to be shown while keeping others private.