Albi Mema announced that Moomoo has expanded its cryptocurrency trading services to investors in Texas and launched a Direct Crypto Deposit & Withdraw feature for U.S. users, a move the company says broadens its on‑ramp for retail crypto activity.
The expansion gives users in Texas access to 52 cryptocurrencies on the Moomoo platform and extends services that were already available in California, New Jersey and Pennsylvania. Moomoo said trading carries $0 commission* while a separate 0.49% transaction fee applies, and that its U.S. platform already offers access to more than 50 cryptocurrencies, including MON and BNB.
Under the new Direct Crypto Deposit & Withdraw feature, users can transfer supported cryptocurrencies between external Web3 wallets and their Moomoo accounts and move assets on‑chain through Moomoo Crypto, Inc. The system also allows users to convert crypto holdings into fiat currency within the platform; converted funds are then available for use across other investment products offered on Moomoo.
Moomoo said the platform supports connections with multiple external wallets and exchanges, a capability the company framed as part of a broader push to build cross‑product access inside its ecosystem. “actively expanding access to crypto trading across the U.S.,” Mema said, and the company added that it is “meeting investors where they are.”
The announcement underscores a technical split inside the business: Moomoo described on‑chain movements routed through Moomoo Crypto, Inc. while access to equities, options and other asset classes remains available through Moomoo Financial, Inc. The parent relationship is also clear in the filings and statements — Moomoo is a subsidiary of Hong Kong‑based online brokerage Futu — and the company framed the rollout as a continuation of its U.S. build‑out rather than an isolated product launch.
The apparent clarity of the expansion masks a practical tension for customers: Moomoo markets $0 commission* trading but also posts a 0.49% transaction fee on crypto transfers. That split between a zero‑commission headline and an explicit transaction charge creates a cost structure users will need to reconcile when moving coins on and off the platform or converting to fiat for use in other investments.
For investors in Texas, the immediate takeaway is operational: they can now deposit and withdraw supported cryptocurrencies directly, convert holdings to dollars inside the app and deploy those dollars across Moomoo’s other products. For the industry, the launch cements Moomoo’s presence across four U.S. states — California, New Jersey, Pennsylvania and Texas — and joins other recent moves in regulated markets, where competitors have sought licences or expanded services to tie trading and custody more closely together.
After this rollout, the clearest consequence is that Moomoo has stitched basic on‑chain capability into a retail brokerage structure that already offers traditional securities; that integration will determine whether the firm can turn the technical ability to move coins into sustained customer activity across its wider platform.
