Moomoo Expands Crypto Trading to Texas With 52 Tokens and Zero Commissions

Moomoo said on May 22 that Texas users can now trade 52 cryptocurrencies, alongside the rollout of direct crypto deposits and related account funding features.

Summary

Moomoo has launched its cryptocurrency trading service in Texas, expanding access for investors in the state to 52 cryptocurrencies with zero-commission trading. The company announced the move on May 22 and said the rollout also includes Direct Crypto Deposit, a feature that lets users transfer digital assets into the platform directly. The expansion broadens Moomoo’s footprint in U.S. crypto trading and adds another access point for retail investors seeking in-app cryptocurrency exposure.

Terms & Concepts
  • Direct Crypto Deposit: A feature that allows users to transfer cryptocurrency from an external wallet or platform into a supported account.
  • Cryptocurrency trading: The buying and selling of digital assets such as Bitcoin or Ethereum through an exchange or brokerage platform.
  • Zero-commission trading: A pricing model in which the platform does not charge a direct trading commission on executed buy or sell orders.