Moomoo Crypto landed in Texas on May 22, giving residents commission-free access to 52 cryptocurrencies with transaction fees as low as 0.49% — the lowest rate across the platform's U.S. rollout so far.
Alongside the state expansion, Moomoo debuted Direct Crypto Deposit and Withdraw for all U.S. users. The feature enables two-way transfers of supported digital assets between external Web3 wallets and moomoo accounts. Users can bring crypto in from outside wallets, convert holdings into fiat currency, and deploy across equities and options within a single account interface.
Regulatory path and state-by-state licensing
The Texas license follows a graduated approval process requiring individual money transmitter or broker-dealer compliance before residents can trade crypto. Moomoo, a subsidiary of Futu Holdings (NASDAQ: FUTU), now operates in California, New Jersey, Pennsylvania, and Texas — four of the most active retail trading states in the country.
Albi Mema, Director of Crypto Operations at Moomoo U.S., said: "We are actively expanding access to crypto trading across the U.S. while continuing to build additional features aimed at enhancing the investing experience."
Multi-asset consolidation to counter revenue volatility
Bundling crypto with equities and options in a single account is Moomoo's strategy to reduce exposure to cyclical trading volumes. The same week, Robinhood reported Q1 2026 crypto revenue down 47% year over year, underscoring how volatile retail digital-asset volumes can be. Moomoo's all-in-one approach aims to keep user engagement stable through market cycles.
Texas is one of the largest retail investment markets by total brokerage account volume. The launch positions Moomoo to compete with multi-asset platforms that have struggled to retain crypto users during downturns. As part of the Texas rollout, the platform is offering a limited-time Bitcoin rewards program for new crypto users, with a live BTC price page embedded in the app.