Moomoo has expanded its cryptocurrency trading services to Texas and introduced a direct crypto deposit and withdrawal feature for U.S. users, giving investors in the state access to 52 cryptocurrencies on the platform.
The move extends Moomoo’s crypto offering across several U.S. states, including California, New Jersey, Pennsylvania and Texas, and comes with a $0 commission trading structure the company says is designed to widen access. The platform now supports more than 50 cryptocurrencies in the U.S., including tokens such as MON and BNB.
Albi Mema said the company is “actively expanding access to crypto trading across the U.S.” and added that it is focused on “meeting investors where they are.” Those remarks land as more retail investors look for a single place to move between digital assets and traditional markets without shifting platforms.
The new Direct Crypto Deposit & Withdraw feature lets users transfer supported cryptocurrencies between external Web3 wallets and their Moomoo accounts. It also allows holdings to be converted into fiat currency within the platform, with those funds then available for use across other investment products offered on Moomoo.
That integration matters because Moomoo is not standing up a standalone crypto app. It is tying the service to a broader brokerage business that already includes access to equities, options and other asset classes through Moomoo Financial, Inc., while crypto assets move on-chain through Moomoo Crypto, Inc.
There is, however, a practical limit to how far the expansion can go right now: the service remains state by state, even as Moomoo pushes into a wider U.S. footprint. Earlier, the company offered crypto services in California, New Jersey and Pennsylvania before adding Texas, a step that broadens its reach but still leaves many investors outside the lineup.
The Texas launch and the new transfer tool show where Moomoo is placing its bet — not just on more tokens, but on convenience. The next question for investors is whether that combination of lower-friction trading and wallet-to-platform movement will draw enough active users to make Moomoo a more serious player in U.S. cryptocurrency trading.
