Crypto Exchanges
By Julie Binoche
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Albi Mema on the U.S. Crypto Push. Albi Mema, Director of Crypto Operations at Moomoo U.S.
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IG Group's UK License Adds Context. Separately, IG Group recently became the first UK-listed company to get a cryptoasset license from…
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Moomoo just opened the door wider in Texas. The Futu-owned brokerage rolled out a direct crypto deposit and withdrawal feature for U.S.
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The feature is a bigger deal than it sounds. Until now, plenty of retail-focused brokerages let you buy and sell crypto on their platforms but kept your coins locked inside their…
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Texas investors get access to 52 cryptocurrencies on the platform. The commission structure is $0 per trade, with a 0.49% transaction fee attached to crypto activity.
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Albi Mema, Director of Crypto Operations at Moomoo U.S., has been pretty direct about where the company wants to go.
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The wallet integration supports connections with multiple external wallets and exchanges, so users aren't limited to one outside provider.
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It's also worth noting that the Texas launch doesn't exist in a vacuum. Moomoo has already rolled out crypto services in California, New Jersey, and Pennsylvania.
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Read also: House Oversight Committee Demands Kalshi and Polymarket Hand Over KYC Records by June 5
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The broader retail brokerage industry has been edging this direction for a while. Crypto-only platforms built their user bases partly because traditional brokerages were too…
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Whether Texas retail investors actually move in meaningful numbers to the platform is unclear. Competition is stiff.
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The 0.49% transaction fee is competitive enough not to be a dealbreaker for most retail traders, though high-frequency or high-volume traders will do the math carefully.
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More context: Polymarket Eyes Japan by 2030 as Falling Trading Volumes Push Global Expansion
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And the company still needs regulatory sign-off to keep the state-by-state expansion moving. That process is slow, sometimes unpredictable, and could stall momentum.
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The platform supports over 50 cryptocurrencies, with MON and BNB among the named tokens available to Texas users.
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