Moomoo Sets To Launch A Comprehensive Platform For The Crypto Community
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Top investment and trading platform, Moomoo, has announced the launch of Moomoo Crypto, an expansion into cryptocurrency trading. The new crypto platform is available for U.S. users as a broad digital asset investment service.
According to the platform, the plan is to add over 30 crypto assets to the service, giving investors the opportunity to trade different types of assets on a single platform. Moomoo will leverage its user-friendly interface and established technology to provide users with a seamless trading experience.
However, the platform wants to start off with the support of major cryptocurrencies like Ethereum and Bitcoin. It plans to offer other options in the coming months to give users more access as it launches gradually.
The Platform Will Leverage Coinbase’s Infrastructure
The new crypto platform is supported by Moomoo Financial. It will utilize Coinbase’s markets and infrastructure.
Chief Executive Officer of Moomoo US, Neil McDonald, commented on the development. He stated that the company has seen an opportunity to use its technology and expertise to provide sophisticated investment tools as the digital assets market continues to see wider adoption.
He added that the platform wants to bridge the gap between digital and traditional finance, offering users the insights and tools required to navigate the dynamic crypto market.
McDonald noted that investors looking to trade crypto assets will be able to use a comprehensive platform with 32 crypto assets. They will be armed with various educational resources and advanced tools for their trades. Some of the tools available on the platform include advanced charting and spot charting. By December, the platform hopes to provide specific tools for crypto enthusiasts.
Global Head of CaaS at Coinbase, Brian Foster, also commented on the development. “We’re seeing growing demand from platforms like moomoo as crypto becomes increasingly mainstream,” he stated.
Moomoo Wants To Expand Crypto Adoption
Foster added that the new service will give partners the tools and resources they need to provide security and infrastructure for their platform. This will enable them to serve several users while improving their trading experiences.
The integration is coming when more users are showing interest in digital assets, in the form of trading and investment. There has been an increased regulatory clarity which has spurred an increased retail participation.
As such, the influx of new users will require a comprehensive and all-encompassing system to take care of their trading and investment needs. Moomoo is providing a platform that makes all these possible for the digital asset community.
