Moomoo Moves Beyond Stocks with US Crypto Launch Backed by Coinbase

Moomoo, a global trading platform, is expanding into cryptocurrency. The company will launch a new service called Moomoo Crypto for its U.S. users. The launch is part of Moomoos plan to grow beyond traditional securities trading.

Moomoo operates in the United States, Australia, and Japan. It is a subsidiary of Futu, a Hong Kong-based online brokerage. In late 2023, Moomoo Japan entered the online brokerage market, offering local investors access to over 7,000 US-listed stocks.

Crypto Launches with Coinbase Support

The new crypto service will begin with support for over 30 digital assets, including major cryptocurrencies such as Bitcoin and Ethereum. More tokens are expected to be added gradually. The rollout will introduce features and coins in phases.

Moomoo Crypto will be offered through Moomoo Financial. It will use Coinbases Crypto-as-a-Service platform for market access and trading infrastructure. This integration allows Moomoo to offer digital asset trading alongside its existing services.

Users will be able to trade cryptocurrencies along with stocks and other financial products. The platform will include tools such as spot and advanced charting. Moomoo also plans to add crypto-specific features, including copy trading, by early September. Moomoo Crypto will offer 32 digital assets at launch.