Moomoo Launches Crypto Trading in Texas — 52 Coins, Zero Commission Moomoo’s crypto arm is now live in Texas, giving residents access to 52 cryptocurrencies with zero-commission trading, the company announced May 22. The platform said transaction fees start as low as 0.49% and that a new Direct Crypto Deposit and Withdraw feature is available for all U.S. users. The Texas rollout expands Moomoo Crypto’s U.S. footprint to a fourth major state after California, New Jersey and Pennsylvania. “We are actively expanding access to crypto trading across the U.S. while continuing to build additional features aimed at enhancing the investing experience,” said Albi Mema, Director of Crypto Operations at Moomoo U.S. New wallet functionality lets users move supported digital assets between external Web3 wallets and their moomoo accounts in either direction. That means customers can bring crypto in from outside wallets, convert holdings into fiat, and trade or deploy capital across moomoo’s equities and options offerings—all within one account interface. Moomoo is a subsidiary of Futu Holdings (NASDAQ: FUTU). Its Texas approval follows the company’s state-by-state licensing push, which requires money transmitter or broker-dealer compliance before enabling crypto trading for residents. Strategic timing and market context The move positions moomoo as a contender among retail multi-asset platforms seeking to keep crypto users engaged through volatile markets. Crypto.news previously reported that Robinhood’s Q1 2026 crypto revenue declined 47% year‑over‑year, underscoring how dependent crypto activity can be on market conditions. Moomoo’s integrated approach—bundling crypto with equities and options in a single account—is intended to smooth that cyclical exposure. Texas matters: one of the biggest retail investment markets in the U.S. Texas is among the largest retail investment markets by total brokerage account volume, so the expansion brings moomoo’s crypto service into four of the country’s most active trading states. Competing platforms have been pursuing similar multi‑asset consolidation strategies to preserve user engagement through market swings. Promotion for new users To mark the launch, moomoo is offering a limited-time Bitcoin rewards program for new crypto users in Texas. Participants can also track live BTC price movements on the platform’s Bitcoin price page during the promotion window. Bottom line: Moomoo’s Texas debut adds another retail battleground to the crypto arms race, leaning on an all‑in‑one account experience and wallet-level interoperability to attract and retain traders.
Moomoo Launches Zero-Commission Crypto Trading in Texas with 52 Coins
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Summary
Moomoo has launched zero-commission crypto trading in Texas, making 52 cryptocurrencies available to local users. The platform announced the move on May 22, with fees as low as 0.49% and a new Direct Crypto Deposit and Withdraw feature. Moomoo Crypto now operates in four major U.S. states, including California, New Jersey, and Pennsylvania. Users can now transfer assets between their Moomoo accounts and external Web3 wallets. As part of its state-by-state strategy, the subsidiary of Futu Holdings (NASDAQ: FUTU) is offering a Bitcoin rewards program for new Texas users. This crypto news comes as crypto today sees more localized expansion efforts.
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