announced<\/a> the expansion of its cryptocurrency trading services to Texas on May 22, alongside the launch of its Direct Crypto Deposit and Withdraw feature for all US users. Texas investors can now trade 52 cryptocurrencies through Moomoo Crypto at zero commission, with a transaction fee as low as 0.49%.<\/p>\n\u201cWe are actively expanding access to crypto trading across the U.S. while continuing to build additional features aimed at enhancing the investing experience,\u201d said Albi Mema, Director of Crypto Operations at Moomoo U.S. The Texas rollout extends Moomoo Crypto\u2019s coverage to a fourth major US state, following California, New Jersey, and Pennsylvania.<\/p>\n
<\/p>\n
What moomoo\u2019s Direct Crypto Deposit and Withdraw feature does<\/h2>\n
The new wallet feature allows users to move supported digital assets between external Web3 wallets and their moomoo accounts in either direction. Users can bring crypto in from outside wallets, convert holdings into fiat, and deploy across moomoo\u2019s broader lineup of equities and options within a single account interface.<\/p>\n
Moomoo is a subsidiary of Futu Holdings (NASDAQ: FUTU). The Texas licence approval follows a graduated state-by-state licensing process requiring individual money transmitter or broker-dealer compliance before crypto trading is enabled for residents.<\/p>\n
The launch positions moomoo to compete with retail multi-asset platforms that have struggled to retain crypto users as market conditions fluctuate. Crypto.news has reported on Robinhood\u2019s Q1 2026 crypto revenue falling 47% year over year, highlighting how volatile digital asset trading volumes can be across retail platforms. Moomoo\u2019s all-in-one strategy, bundling crypto with equities and options in a single account, is designed to reduce that cyclical exposure.<\/p>\n
What the Texas launch adds to moomoo\u2019s US crypto strategy<\/h3>\n
Texas is one of the largest retail investment markets in the United States by total brokerage account volume. Adding the state brings moomoo\u2019s crypto service to four of the most active retail trading states in the country. Crypto.news has tracked how competing retail platforms are pursuing similar multi-asset consolidation strategies to maintain user engagement through market cycles.<\/p>\n
The platform is offering a limited-time Bitcoin rewards programme for new crypto users as part of the Texas launch. The Bitcoin (BTC) price page tracks live movements for users who take up that programme during the launch window.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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