Moomoo Expands Crypto Trading to Texas and Launches Direct Crypto Transfers, Advancing Unified Multi-Asset Investing

Rhea-AI Summary

Moomoo (NASDAQ:FUTU) expanded its crypto trading to Texas and launched a Direct Crypto Deposit & Withdraw feature for U.S. users. Texas investors can trade 52 cryptocurrencies with $0 commission and a 0.49% transaction fee. The platform now supports on-chain transfers between external Web3 wallets and moomoo accounts while keeping access to equities, options, and other assets on one unified interface.

Positive

• Crypto trading expanded to Texas, adding to existing U.S. states
• Supports trading of 52 cryptocurrencies with $0 commission and 0.49% fee
• Launch of Direct Crypto Deposit & Withdraw for on-chain transfers
• Unified platform access to crypto, equities, options and other assets
• Limited-time Bitcoin rewards program for new crypto trading volumes
• Connections with dozens of leading wallets and exchanges in the U.S.

Negative

• Cryptocurrencies are not legal tender or government backed
• Crypto assets are not FDIC insured or SIPC protected
• Crypto trading involves high risk and potential loss of principal
• Crypto services are not available in all U.S. states
• A 0.49% transaction fee applies on each crypto transaction

News Market Reaction – FUTU

-27.53%

91 alerts

-27.53% Session close to close

-38.5% Trough in 38 min

$17.36B Market Cap

0.7x Rel. Volume

In the May 22 session, FUTU declined 27.53%, reflecting a significant negative market reaction. Argus tracked a trough of -38.5% from its starting point during tracking. Our momentum scanner triggered 91 alerts that day, indicating high trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -27.5% in the session following this news. A negative reaction despite this expans...

Analysis

The stock dropped -27.5% in the session following this news. A negative reaction despite this expansion would fit a pattern where prior crypto news, including the May 27, 2025 launch, saw an average move of -4.37%. Investors may have focused on broader risk factors or overall exposure to digital assets rather than product enhancements. Given the stock’s position well below its 200-day MA, additional weakness could reflect caution about execution or cyclicality in crypto engagement.

Key Figures

Tradable cryptocurrencies (Texas): 52 cryptocurrencies Crypto commission: $0 commission Crypto transaction fee: 0.49% fee +5 more

8 metrics

Tradable cryptocurrencies (Texas) 52 cryptocurrencies Available to Texas-based investors on moomoo

Crypto commission $0 commission Crypto trading for U.S. residents via Moomoo Crypto Inc.

Crypto transaction fee 0.49% fee Transaction fee paid to Moomoo Crypto Inc.

U.S. crypto listings More than 50 cryptocurrencies Total supported crypto assets for U.S. users

Promo tier 1 reward $10 in Bitcoin First crypto trade over $1,000

Promo tier 2 reward $15 in Bitcoin Three trades totaling $3,000

Promo tier 3 reward $35 in Bitcoin Reaching $10,000 in total crypto trading volume

Moomoo Crypto NMLS NMLS Number 2287314 Registration identifier for Moomoo Crypto Inc.

Previous Crypto Reports

1 past event · Latest: May 27 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
May 27	Crypto business launch	Positive	-4.4%	Announced U.S. launch of Moomoo Crypto with 30+ tradable cryptocurrencies.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Prior U.S. crypto expansion news for moomoo coincided with a -4.37% move, suggesting the stock has previously traded lower around positive crypto catalysts.

Recent Company History

Historically, FUTU’s crypto-related news has been strategically positive but not rewarded in the short term. A May 27, 2025 announcement launching Moomoo Crypto for U.S. users, with trading in over 30 cryptocurrencies via Coinbase’s infrastructure, saw a -4.37% next-day move. Today’s Texas expansion and direct crypto transfers extend that earlier initiative, deepening the bridge between traditional brokerage and digital assets while building on the same long-term Web3 integration theme.

Key Terms

web3, fiat, tokenized equity offerings, cryptocurrency trading, +4 more

8 terms

web3 technical

"bridges the gap between traditional finance and Web3."

An approach to the internet that uses decentralized technologies (like blockchains and smart contracts) to give users control over data, identity and digital assets instead of relying on a single company. For investors it matters because it enables new business models—token-based ownership, marketplaces and governance structures—but also brings higher volatility, novel revenue streams and regulatory uncertainty, so investment outcomes can be very different from traditional tech.

fiat financial

"they can be converted into fiat and deployed across the platform’s broader investment offerings"

Fiat is government-issued money whose value comes from legal backing and public trust rather than a physical commodity like gold. Think of it as an official IOU that everyone agrees to accept for buying goods, paying debts and valuing assets. For investors, fiat matters because central bank decisions, inflation and currency stability directly affect returns, purchasing power and cross-border investment risk.

tokenized equity offerings technical

"previously enabled retail access to tokenized equity offerings, reinforcing its role"

Equity securities issued as digital tokens on a distributed ledger, where each token represents an ownership stake in a company much like a traditional share. Think of it as turning a paper stock certificate into a tradable digital ticket that can be split into tiny pieces, traded more quickly, and accessed by a wider pool of buyers. Investors care because tokenization can lower costs, enable fractional ownership and faster settlement, and change liquidity and custody risks compared with regular shares.

cryptocurrency trading financial

"announced the expansion of its cryptocurrency trading services to investors in Texas"

Cryptocurrency trading is buying and selling digital tokens that represent value or rights, done in online marketplaces rather than traditional stock exchanges. Investors care because these markets can move quickly and unpredictably—like a roller-coaster compared with a calm highway—offering chances for big gains but also large losses, plus unique risks around security, custody and regulation that can affect the safety and price of holdings.

fdic insured regulatory

"Cryptocurrencies are not legal tender, not backed by any government, and not FDIC insured or SIPC protected."

A U.S. government insurance program that protects money held in eligible bank and savings accounts up to a set limit if the bank fails. It matters to investors because it acts like a safety net for cash — reducing the risk of losing deposits and helping decide where to park short‑term funds — but it does not cover stocks, bonds, mutual funds, or cryptocurrencies.

sipc protected regulatory

"Cryptocurrencies are not legal tender, not backed by any government, and not FDIC insured or SIPC protected."

SIPC protected means that customer cash and securities held by a brokerage firm that belongs to the Securities Investor Protection Corporation are eligible for recovery if the broker fails or is forced into liquidation. Think of it as an insurance safety net for your account records and assets, not a guarantee against market losses or poor investment choices; it helps replace missing stocks or cash up to established limits.

finra regulatory

"Moomoo Financial Inc., Member FINRA/SIPC."

FINRA is the U.S. self‑regulatory organization that oversees brokerage firms and individual brokers, setting and enforcing rules to protect investors and keep markets orderly. Think of it as a referee and rulebook keeper for the broker industry: it licenses brokers, monitors their behavior, enforces standards, and runs complaint and arbitration systems, so investors can check records and have a path to resolve disputes.

View in glossary

nmls number 2287314 regulatory

"Crypto services are offered by Moomoo Crypto Inc. (NMLS Number 2287314)."

An NMLS number is a unique identifier issued through the U.S. Nationwide Multistate Licensing System to a licensed mortgage company or individual loan originator; 'NMLS number 2287314' simply points to the specific license record for that registrant. For investors, the number matters because it allows quick verification of licensing status, complaint history and permitted activities—like checking a driver's license to confirm credentials before relying on a firm or person for mortgage-related business.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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JERSEY CITY, N.J., May 22, 2026 (GLOBE NEWSWIRE) -- Moomoo, a leading global investment and trading platform that empowers self-directed investors with advanced market data and professional-grade tools, today announced the expansion of its cryptocurrency trading services to investors in Texas alongside the launch of its new Direct Crypto Deposit & Withdraw feature for U.S. users. Together, these milestones mark a significant step forward in moomoo’s strategy to deliver a seamless, multi-asset investing experience that bridges the gap between traditional finance and Web3.

Texas-based investors can trade 52 cryptocurrencies on moomoo with $0 commission* and an industry-competitive transaction fee as low as 0.49%*. With this expansion, moomoo crypto is now available in California, New Jersey, Pennsylvania, Texas, and additional states, broadening access to affordable digital asset trading for millions of U.S. investors.

To complement this expansion, moomoo has introduced a new Direct Crypto Deposit & Withdraw functionality, enabling users to transfer supported cryptocurrencies directly between external Web3 wallets and their moomoo accounts. This new capability allows investors to seamlessly move assets on-chain through Moomoo Crypto, Inc. while maintaining access to equities, options, and other asset classes through Moomoo Financial, Inc., all on a single, unified platform**.

As demand for digital assets continues to grow, moomoo has seen increasing engagement in crypto trading activity, reflecting investors’ desire for greater flexibility and control. When cryptocurrencies are transferred into moomoo, they can be converted into fiat and deployed across the platform’s broader investment offerings—enhancing capital efficiency and portfolio management.

“We’re actively expanding access to crypto trading across the U.S. while continuing to build additional features that further enhance the overall investing experience for our users,” said Albi Mema, Director of Crypto Operations at moomoo U.S. “The expansion of our crypto trading capabilities to Texas along with the introduction of direct crypto transfers reflects our commitment to meeting investors where they are, whether in traditional markets or Web3, by providing a true one-stop destination where investors can seamlessly trade a diverse range of assets within a unified, secure and compliant platform.”

The platform supports connections with dozens of leading wallets and exchanges and offers access to more than 50 cryptocurrencies in the U.S., including newer listings such as MON and BNB.

To celebrate its expansion into Texas, moomoo is launching a limited-time rewards program*** for new crypto traders, including:

• $10 in Bitcoin for a first trade over $1,000
• An additional $15 in Bitcoin for completing three trades totaling $3,000
• $35 in Bitcoin for reaching $10,000 in total trading volume

These developments build on moomoo’s broader efforts to integrate traditional and blockchain-based markets. The company has previously enabled retail access to tokenized equity offerings, reinforcing its role in advancing next-generation market infrastructure.

Looking ahead, moomoo plans to further expand its crypto capabilities and geographic availability in the U.S., continuing to lower barriers to entry while delivering a unified, compliant investing experience across asset classes.

* $0 commission trading is available to U.S. residents through Moomoo Crypto Inc. ("MCI"). A 0.49% transaction fee will apply and be paid to MCI. For full details, please refer to here.

** Access to products requires separate accounts with affiliated entities.

*** Terms and conditions apply.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., Investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.

Cryptocurrencies are not legal tender, not backed by any government, and not FDIC insured or SIPC protected. Cryptocurrency trading involves high risk and potential loss of principal. Crypto services are offered by Moomoo Crypto Inc. (NMLS Number 2287314). Not available in all states, see our full licensing disclosures here.

About Moomoo

Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.

Founded in the US, moomoo has expanded its global presence to serve investors across multiple markets, including Singapore, Australia, Japan, Canada, Malaysia, and New Zealand. As a subsidiary of a Nasdaq-listed company, moomoo is trusted by more than 29 million investors worldwide and has earned recognition from leading financial institutions and publications for its innovation and reliability, including being recognized as the #1 Broker for Stocks in North America in 2024 and 2025 by TradingView.

For more information, please visit moomoo's official website at www.moomoo.com

Accolades are not indicative of future performance. Moomoo Financial Inc. is not affiliated with TradingView. For more information, please visit:
https://www.tradingview.com/blog/en/revealing-broker-awards-winners-2024-50143/
https://www.tradingview.com/blog/en/broker-awards-2025-winners-56493/

Media Contact
Carlee Snyder
pr@us.moomoo.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/91502734-99fe-4ccd-9214-3ada762f3fd9

FAQ

What did moomoo (NASDAQ:FUTU) announce about crypto trading in Texas on May 22, 2026?

Moomoo announced it has expanded its cryptocurrency trading services to investors in Texas. According to moomoo, Texas-based users can trade 52 cryptocurrencies with $0 commission and an industry-competitive transaction fee as low as 0.49% through Moomoo Crypto.

What is moomoo's new Direct Crypto Deposit & Withdraw feature for FUTU users?

The Direct Crypto Deposit & Withdraw feature lets U.S. users transfer supported cryptocurrencies directly between external Web3 wallets and moomoo accounts. According to moomoo, this allows investors to move assets on-chain while still accessing equities, options and other asset classes on one unified platform.

How many cryptocurrencies can moomoo (FUTU) users trade after the Texas expansion?

Moomoo users in eligible U.S. states can trade more than 50 cryptocurrencies, including 52 available in Texas. According to moomoo, the platform offers newer listings such as MON and BNB, with $0 commission and a 0.49% transaction fee per trade.

What fees apply to crypto trading on moomoo (NASDAQ:FUTU) after this update?

Crypto trades on moomoo offer $0 commission for U.S. residents through Moomoo Crypto. According to moomoo, an industry-competitive transaction fee as low as 0.49% per trade is charged and paid to Moomoo Crypto, with full fee details available in its disclosures.

What rewards does moomoo offer new Texas crypto traders under the FUTU platform?

Moomoo launched a limited-time rewards program for new crypto traders in Texas. According to moomoo, users can earn $10, $15 and $35 in Bitcoin for hitting trading thresholds of $1,000, $3,000 and $10,000 in total crypto trading volume, subject to terms.

How does moomoo’s unified multi-asset platform benefit FUTU investors using crypto?

Moomoo’s platform lets investors manage crypto alongside equities, options and other assets in one app. According to moomoo, users can convert transferred cryptocurrencies into fiat and redeploy capital across its broader offerings, aiming to improve portfolio management and capital efficiency.

What risks and protections apply to crypto trading on moomoo (FUTU)?

Crypto trading on moomoo carries significant risk and potential loss of principal. According to moomoo, cryptocurrencies are not legal tender, not backed by any government, and are neither FDIC insured nor SIPC protected, and services are not available in all states.