Moomoo Expands Texas Crypto Offering With Wallet Deposit and Withdrawal for Retail Investors

Moomoo, a subsidiary of Hong Kong-based brokerage Futu, has expanded its cryptocurrency trading services to retail investors in Texas and launched a direct crypto deposit and withdrawal feature for U.S. users.

The expansion gives Texas users access to 52 cryptocurrencies, with trading offered at $0 commission, according to the company. The service is now available in several U.S. states including California, New Jersey, Pennsylvania, and Texas.

Alongside the geographic rollout, Moomoo introduced a Direct Crypto Deposit & Withdraw feature, enabling transfers between external Web3 wallets and Moomoo accounts. This allows asset movement via Moomoo Crypto, Inc., while access to equities and other assets remains through Moomoo Financial, Inc.

The system also allows conversion of crypto to fiat within the platform, making funds available for other Moomoo investment products. Albi Mema, Director of Crypto Operations at Moomoo U.S., stated the firm is "actively expanding access to crypto trading across the U.S." and that the new features reflect a focus on "meeting investors where they are."

The platform supports connections with multiple external wallets and exchanges and offers over 50 cryptocurrencies in the U.S., including tokens such as MON and BNB.