Moomoo Expands Crypto Trading to Texas with Direct Crypto Transfers

Moomoo’s expansion into Texas allows users in the state to trade 52 cryptocurrencies with competitive fees. The new Direct Crypto Deposit & Withdraw feature enhances the platform’s appeal by enabling seamless on-chain transfers. This functionality allows users to move assets between external Web3 wallets and their Moomoo accounts, promoting greater flexibility and control over their investments.

The ability to convert crypto holdings into fiat currency within the platform provides users with increased capital efficiency, allowing them to deploy funds across various investment products offered by Moomoo Financial, Inc. This integration of crypto services with traditional assets positions Moomoo as a versatile platform for modern investors. A similar move was made by IG Group in the UK after receiving a crypto asset license from the FCA, enabling asset transfers in and out of the platform.

The expansion includes a limited-time rewards program for new crypto traders in Texas, offering up to $35 in Bitcoin for reaching specific trading volume milestones. This initiative aims to attract new users and incentivize engagement with the platform’s crypto offerings.

Texas users can trade 52 cryptocurrencies on the platform.

Moomoo offers $0 commission trading with a 0.49% transaction fee.

This feature allows users to transfer supported cryptocurrencies between external Web3 wallets and their Moomoo accounts.

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