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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move to strengthen its position in the digital asset space, Moomoo has announced the expansion of its cryptocurrency trading services to investors in Texas. The platform also launched a new Direct Crypto Deposit & Withdraw feature specifically for its U.S. user base. These updates are designed to advance the company's strategy of providing a unified multi-asset investing experience that bridges traditional finance with Web3 capabilities.
This expansion comes amid intensifying competition among digital brokerages, with parent company Futu Holdings reporting a global user base exceeding 21 million in its latest earnings cycles. By enhancing its crypto utility, Moomoo is positioning itself against rivals like Robinhood, which has also been expanding its digital asset custody features. Per market data and recent corporate filings, this shift highlights a broader industry trend toward diversifying revenue streams beyond traditional equity commissions.
Regarding market performance, FUTU shares stood at $62.45 (close May 21, 2026) as investors weigh the impact of U.S. regional expansion. Moving forward, market participants should monitor upcoming macro catalysts, such as the U.S. Consumer Confidence index, which could influence retail trading volumes across both crypto and equity markets in the coming sessions.