Moomoo, the Hong Kong-based Futu subsidiary, has broadened its cryptocurrency trading reach by enabling investors in Texas to trade 52 cryptocurrencies with zero commission. Alongside this geographic expansion, the platform now supports direct crypto deposits and withdrawals, allowing users to transfer assets between external Web3 wallets and their Moomoo accounts.
This new feature integrates on-chain asset movement, letting users carry out crypto transfers while retaining access to other investment products such as equities and options via Moomoo Financial. Conversion between crypto and fiat currencies happens seamlessly within the platform, facilitating fluid asset management across multiple classes.
Previously available in states like California, New Jersey, and Pennsylvania, Moomoo’s rollout in Texas marks a significant growth of its US crypto offering. Users can now connect multiple external wallets and exchanges, supporting a wide range of over 50 digital tokens, including popular coins like MON and BNB. The platform applies a modest transaction fee in addition to its commission-free trading structure.
Albi Mema, Moomoo US’s Director of Crypto Operations, emphasized the company’s strategy to increase crypto access nationwide while enhancing user experience. The introduction of direct crypto transfers aims to meet investors on familiar terms, reflecting a broader trend of integrating crypto into established multi-asset investment platforms.