Moomoo announces its entry into cryptocurrency trading, launching Moomoo Crypto with over 30 coins for U.S. investors.
Quiver AI Summary
Moomoo, a global investment and trading platform, has announced its entry into cryptocurrency trading with the launch of Moomoo Crypto, set to provide U.S. users with access to over 30 digital assets, including major cryptocurrencies like Bitcoin and Ethereum. This expansion aims to create a comprehensive trading experience by integrating both traditional securities and digital assets on Moomoo’s platform, leveraging its existing technology and user-friendly interface. The service will include advanced trading tools and resources for investors, with plans to gradually add new cryptocurrencies and features. Moomoo’s initiative aligns with the growing mainstream adoption of digital assets, catering to existing investors and attracting new crypto traders. The platform is supported by Coinbase’s Crypto-as-a-Service infrastructure, enhancing its security and operational capabilities.
Potential Positives
- Moomoo is expanding its offerings by launching Moomoo Crypto, enabling its U.S. users to participate in cryptocurrency trading, which reflects the growing mainstream adoption of digital assets.
- The platform plans to support trading of over 30 cryptocurrencies initially, including major coins like Bitcoin and Ethereum, catering to the increasing demand from both existing customers and new traders.
- By leveraging Coinbase's Crypto-as-a-Service platform, Moomoo enhances its technological infrastructure and ensures a secure and seamless experience for users entering the crypto market.
- The move positions Moomoo strategically within the evolving financial landscape, bridging traditional and digital finance, and providing users with advanced investment tools and educational resources.
Potential Negatives
- The announcement of Moomoo's entry into cryptocurrency trading may invite increased scrutiny and regulatory challenges, as the sector is known for its evolving regulations and potential compliance risks.
- By expanding into cryptocurrency trading, Moomoo may face heightened competition from established cryptocurrency exchanges, which could affect its market share and profitability.
- The press release highlights that cryptocurrency trading involves high risk and potential loss of principal, which could deter some traditional investors from engaging with Moomoo's new offerings.
FAQ
What is Moomoo Crypto?
Moomoo Crypto is a new cryptocurrency trading service by Moomoo, allowing U.S. users to trade digital assets seamlessly.
Which cryptocurrencies will Moomoo Crypto support?
The platform will initially support major cryptocurrencies like Bitcoin, Ethereum, and plans to include over 30 coins.
What features does Moomoo Crypto offer for traders?
Moomoo Crypto provides advanced tools such as spot and advanced charting, alongside educational resources for investors.
How does Moomoo ensure security in crypto trading?
Moomoo leverages Coinbase's infrastructure through its Crypto-as-a-Service platform, ensuring secure and reliable trading for users.
Where can I learn more about Moomoo and its services?
For more information, please visit Moomoo's official website at www.moomoo.com or contact them via email at pr@us.moomoo.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
JERSEY CITY, N.J., May 27, 2025 (GLOBE NEWSWIRE) -- Moomoo,
a global investment and trading platform
, is thrilled to announce its expansion into cryptocurrency trading with the upcoming launch of Moomoo Crypto, a comprehensive digital asset investment service for its U.S. users.
The new U.S. Crypto's plan to launch over 30 coins is an exciting option for moomoo investors to trade on its all-in-one trading platform. Moomoo leverages its established technology infrastructure and user-friendly interface to provide a seamless trading experience across both traditional securities through Moomoo Financial and digital assets through Moomoo Crypto. It will initially support trading of major cryptocurrencies including Bitcoin, Ethereum, and several other leading tokens for its current users, with plans to expand its offerings in the coming months to give users access in a gradual launch. The platform, backed by Moomoo Financial, will leverage Coinbase’s markets and infrastructure through its leading Crypto-as-a-Service (“CaaS”) platform.
"As digital assets continue to gain mainstream adoption, we saw a clear opportunity to apply our expertise in creating accessible yet sophisticated investment tools for crypto space," said Neil McDonald, moomoo's US CEO. "With Moomoo Crypto, we're bridging the gap between traditional and digital finance, providing our users with the tools and insights they need to navigate this dynamic market."
Investors interested in crypto will be able to find an all-in-one platform with 32 coins offerings armed with advanced tools and various educational resources. Some advanced tools include spot charting and advanced charting, and moomoo is planning to adopt specific tools for crypto such as copy trading by early September.
"We’re seeing growing demand from platforms like moomoo as crypto becomes increasingly mainstream,” said Brian Foster, Global Head of CaaS at Coinbase. “Our Crypto-as-a-Service offering is designed to help bridge traditional and digital finance, giving partners the infrastructure, security, and tools they need to confidently build in crypto and serve a wide range of users.”
The move comes as interest in digital assets reaches new heights, with increasing retail participation and regulatory clarity emerging in key markets. Moomoo's entry into the cryptocurrency sector helps the company capture growing demand from its existing user base of active investors while attracting new crypto-focused traders to its platform.
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 more-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 U.S., moomoo operates globally, serving investors in countries such as the US, Singapore, Australia, Japan, Canada and Malaysia. As a subsidiary of a Nasdaq-listed Futu Holdings (
FUTU
), we take pride in our role as a global strategic partner of the Nasdaq, earning numerous international accolades from renowned industry leaders such as Benzinga and Fintech Breakthrough. Moomoo has also received multiple awards in the US, Singapore, and Australia for its innovative, inclusive approach to investing.
For more information, please visit moomoo's official website at
www.moomoo.com
or feel free to email us:
pr@us.moomoo.com
.
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4fa41088-a4e3-4db6-9551-5e3678ed14bd
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
