Moomoo expands cryptocurrency offering in Texas with wallet deposits and withdrawals for retail investors


Moomoo, a subsidiary of Hong Kong-based online brokerage Futu, has expanded its cryptocurrency trading services to investors in Texas and introduced a new direct cryptocurrency deposit and withdrawal feature for US users, according to a company statement.

A relevant comparison can be made with IG Groupwhich has been granted a crypto asset license by the Financial Conduct Authority in the United Kingdom. The license allows the company to expand its cryptocurrency offerings and makes IG the first UK-listed company to join the Financial Conduct Authority (FCA)’s crypto-assets register.

After the license is approved, customers are expected to gain the ability to transfer crypto assets on and off the platform.

Albie Mima, Director of Cryptocurrency Operations at Moomoo US, Source: LinkedIn

With the launch in Texas, users in the state now have access to 52 cryptocurrencies on the platform. The company said trading carries “$0 commission*.” This expansion expands Moomoo’s cryptocurrency services across several US states, including California, New Jersey, Pennsylvania, and Texas.

Besides geographical expansion, Moomoo has launched a direct cryptocurrency deposit and withdrawal feature. The function allows users to transfer supported cryptocurrencies between external Web3 wallets and their Moomoo accounts.

This enables users to transfer assets on-chain through Moomoo Crypto, Inc., while maintaining access to stocks, options and other asset classes through Moomoo Financial, Inc., the company said.

The system allows users to convert cryptocurrency holdings into fiat currency within the platform, with the funds then available for use across other investment products offered on Moomoo, the company said.

The platform adds wallet connections and transfers

Albie Mima, director of cryptocurrency operations at Moomoo US, said the company is “actively expanding access to cryptocurrency trading across the US” while continuing to build additional features aimed at enhancing the investment experience. He added that the Texas expansion and introduction of “direct cryptocurrency transfers” reflects the company’s focus on “meeting investors where they are.”

The platform said it supports connections with multiple third-party wallets and exchanges and provides access to more than 50 U.S. cryptocurrencies, including tokens like MON and BNB.

Moomoo, a subsidiary of Hong Kong-based online brokerage Futu, has expanded its cryptocurrency trading services to investors in Texas and introduced a new direct cryptocurrency deposit and withdrawal feature for US users, according to a company statement.

A relevant comparison can be made with IG Groupwhich has been granted a crypto asset license by the Financial Conduct Authority in the United Kingdom. The license allows the company to expand its cryptocurrency offerings and makes IG the first UK-listed company to join the Financial Conduct Authority (FCA)’s crypto-assets register.

After the license is approved, customers are expected to gain the ability to transfer crypto assets on and off the platform.

Albie Mima, Director of Cryptocurrency Operations at Moomoo US, Source: LinkedIn

With the launch in Texas, users in the state now have access to 52 cryptocurrencies on the platform. The company said trading carries “$0 commission*.” This expansion expands Moomoo’s cryptocurrency services across several US states, including California, New Jersey, Pennsylvania, and Texas.

Besides geographical expansion, Moomoo has launched a direct cryptocurrency deposit and withdrawal feature. The function allows users to transfer supported cryptocurrencies between external Web3 wallets and their Moomoo accounts.

This enables users to transfer assets on-chain through Moomoo Crypto, Inc., while maintaining access to stocks, options and other asset classes through Moomoo Financial, Inc., the company said.

The system allows users to convert cryptocurrency holdings into fiat currency within the platform, with the funds then available for use across other investment products offered on Moomoo, the company said.

The platform adds wallet connections and transfers

Albie Mima, director of cryptocurrency operations at Moomoo US, said the company is “actively expanding access to cryptocurrency trading across the US” while continuing to build additional features aimed at enhancing the investment experience. He added that the Texas expansion and introduction of “direct cryptocurrency transfers” reflects the company’s focus on “meeting investors where they are.”

The platform said it supports connections with multiple third-party wallets and exchanges and provides access to more than 50 U.S. cryptocurrencies, including tokens like MON and BNB.





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