Who's licensed where: state by state

• Law: Digital Financial Assets Law (AB 39 / SB 401, 2023; deadline extended by AB 1934 to July 1, 2026)
• Regulator: California Department of Financial Protection and Innovation (DFPI)
• Crypto license required? Yes. DFPI: companies must be licensed or have applied by July 1, 2026.

Sign-up gates and product limits (only where a company or regulator states them):

• Kraken: Kraken does not serve Maine or New York residents. If you moved here from one of those states, Kraken asks for a Proof of Residence document for your new address. Source · Nov 3, 2026
• Coinbase: Staking: no new staking (since June 2023 state orders; existing stakes can be unstaked). Source · Oct 20, 2026
• Kraken: Onchain staking: California is not on Kraken's list of eligible states. Source · Oct 30, 2026
• Robinhood: Staking: Robinhood says staking is unavailable here. Source · Oct 20, 2026

Not yet verified: DFPI's list shows applications under review, not issued licenses; no issued DFAL licenses were checked. Minimum age not verified for any platform.

• Law: Chapter 560, Florida Statutes (Money Services Businesses): s. 560.103 definitions incl. 'virtual currency' and 'money transmitter'; s. 560.125 unlicensed activity s. 560.103 s. 560.125
• Regulator: Florida Office of Financial Regulation (OFR)
• Crypto license required? Yes. Per s. 560.103 and s. 560.125, a money transmitter that receives virtual currency to transmit it needs an OFR license unless exempt. Whether a given crypto activity counts as transmission depends on the facts.

Sign-up gates and product limits (only where a company or regulator states them):

• Kraken: Kraken does not serve Maine or New York residents. If you moved here from one of those states, Kraken asks for a Proof of Residence document for your new address. Source · Nov 4, 2026
• Kraken: Onchain staking: Florida is on Kraken's list of eligible states. Source · Nov 4, 2026

Not yet verified: License numbers are as listed on each company's own page; they were not cross-checked in the OFR license search. Florida's new crypto kiosk law (ch. 2026-178) sets daily kiosk limits from Jan 1, 2027; see the Florida crypto ATM page. Minimum age not verified for any platform.

• Law: O.C.G.A. § 7-1-680 to 7-1-698 (sellers of payment instruments and money transmitters); exemptions in § 7-1-682 DBF money transmission DBF virtual currency kiosk guidance (2023) DBF MSB FAQ
• Regulator: Georgia Department of Banking and Finance (DBF)
• Crypto license required? Depends on the activity. Per DBF: transmitting virtual currency is money transmission (O.C.G.A. § 7-1-680(30) defines virtual currency), but only some virtual currency activities are covered and exemptions in § 7-1-682 apply.

Sign-up gates and product limits (only where a company or regulator states them):

• Kraken: Kraken does not serve Maine or New York residents. If you moved here from one of those states, Kraken asks for a Proof of Residence document for your new address. Source · Nov 3, 2026
• Kraken: Onchain staking: Georgia is on Kraken's list of eligible states. Source · Nov 3, 2026

Not yet verified: License numbers are as listed on each company's own page; they were not cross-checked in NMLS Consumer Access (it blocked automated checks today). Crypto ATM (kiosk) limits are covered on our crypto ATM laws page, not here. Minimum age not verified for any platform.

• Law: Money Transmission Modernization Act (205 ILCS 658); Digital Assets and Consumer Protection Act (205 ILCS 731, P.A. 104-0428) IDFPR digital assets P.A. 104-0428 IDFPR release, Aug 2025
• Regulator: Illinois Department of Financial and Professional Regulation (IDFPR), Division of Financial Institutions
• Crypto license required? Depends on the activity. A new IDFPR registration under the Digital Assets and Consumer Protection Act is due by July 1, 2027 (IDFPR rules are still in progress). Whether the money transmitter license covers each crypto activity today was not confirmed.

Sign-up gates and product limits (only where a company or regulator states them):

• Kraken: Kraken does not serve Maine or New York residents. If you moved here from one of those states, Kraken asks for a Proof of Residence document for your new address. Source · Nov 3, 2026
• Kraken: Onchain staking: Illinois is not on Kraken's list of eligible states. Source · Nov 3, 2026

Not yet verified: IDFPR rules for the new digital asset registration are still being written; this section will change when they are final. License numbers are as listed on each company's own page; they were not cross-checked in NMLS Consumer Access. Minimum age not verified for any platform.

• Law: unknown (not confirmed from the regulator today)
• Regulator: Massachusetts Division of Banks
• Crypto license required? Unknown — not confirmed. We have not confirmed from the Division of Banks whether buying and selling crypto for customers requires a license.

Sign-up gates and product limits (only where a company or regulator states them):

• Kraken: Kraken does not serve Maine or New York residents. If you moved here from one of those states, Kraken asks for a Proof of Residence document for your new address. Source · Nov 4, 2026
• Kraken: Krak (Kraken's payments app): fiat transfers are not available in Massachusetts. Onchain staking: Massachusetts is on Kraken's list of eligible states. Source · Nov 3, 2026

Not yet verified: Massachusetts licensing requirement for crypto not confirmed. Minimum age not verified for any platform.

• Law: Money Transmission Services Act, 2006 PA 250, MCL 487.1001 et seq. (definitions in MCL 487.1003) MCL 487.1003 DIFS money transmission FAQ DIFS virtual currency notice
• Regulator: Michigan Department of Insurance and Financial Services (DIFS)
• Crypto license required? Depends on the activity. The Act defines "money" as government-issued currency and covers receiving "money or monetary value" for transmission. DIFS's FAQ says a business that holds customer funds in an e-wallet needs a license. DIFS's consumer notice on virtual currency says crypto companies "may or may not be regulated" and that exchangers should be registered with FinCEN as money services businesses. Whether a crypto-only activity needs a Michigan license is not settled in these sources.

Sign-up gates and product limits (only where a company or regulator states them):

• Kraken: Kraken does not serve Maine or New York residents. If you moved here from one of those states, Kraken asks for a Proof of Residence document for your new address. Source · Nov 4, 2026
• Kraken: Onchain staking: Michigan is on Kraken's list of eligible states. Source · Nov 4, 2026

Not yet verified: License numbers are as listed on each company's own page; they were not cross-checked in NMLS (NMLS Consumer Access blocked our check on Nov 4, 2026). Whether DIFS treats virtual currency as "monetary value" under the Act is not stated in the sources we read. Pending bills (e.g. SB 980 on crypto kiosks) are not law and are not reflected here. Minimum age not verified for any platform.

• Law: New Jersey Money Transmitters Act, N.J.S.A. 17:15C-1 et seq. DOBI money transmitter license page A3454 (pending bill, not law)
• Regulator: New Jersey Department of Banking and Insurance (DOBI)
• Crypto license required? Depends on the activity. DOBI says a money transmitter license is needed to receive money for transmission or to transmit money within the U.S. or abroad. DOBI's page does not say whether crypto-only activity is covered. A bill for a separate digital asset license (A3454, 2026–2027 session) is introduced and pending; it is not law.

Sign-up gates and product limits (only where a company or regulator states them):

• Kraken: Kraken does not serve Maine or New York residents. If you moved here from one of those states, Kraken asks for a Proof of Residence document for your new address. Source · Nov 4, 2026
• Kraken: Onchain staking: New Jersey is not on Kraken's list of eligible states. Source · Nov 4, 2026
• Robinhood: Staking: Robinhood says staking crypto is currently unavailable in New Jersey. Source · Nov 4, 2026

Not yet verified: License numbers are as listed on each company's own page; they were not cross-checked in NMLS (NMLS Consumer Access blocked our check on Nov 4, 2026). Pending bills (e.g. A3454 digital asset license, S2141 on crypto kiosks) are not law and are not reflected here. Minimum age not verified for any platform.

• Law: 23 NYCRR Part 200 (BitLicense); NY Banking Law Article 13-B (money transmission)
• Regulator: New York State Department of Financial Services (DFS)
• Crypto license required? Yes. DFS: 'No Person shall, without a license ... engage in any Virtual Currency Business Activity.' (23 NYCRR 200.3(a))

Sign-up gates and product limits (only where a company or regulator states them):

• Robinhood: Some assets are marked 'not available for trading in New York'. Source · Oct 30, 2026
• All platforms: DFS: licensees may list only DFS-approved, self-certified or Greenlisted coins. Source · Oct 30, 2026

Not yet verified: Minimum age not verified for any platform.

• Law: North Carolina Money Transmitters Act, G.S. Chapter 53, Article 16B (G.S. 53-208.42(13) and (20); 53-208.43) G.S. 53, Article 16B NCCOB money transmitter FAQ
• Regulator: North Carolina Office of the Commissioner of Banks (NCCOB)
• Crypto license required? Yes. By statute: money transmission includes maintaining control of virtual currency on behalf of others (G.S. 53-208.42(13)). NCCOB's FAQ says virtual currency transmission is regulated under the Act.

Sign-up gates and product limits (only where a company or regulator states them):

• Kraken: Kraken does not serve Maine or New York residents. If you moved here from one of those states, Kraken asks for a Proof of Residence document for your new address. Source · Nov 3, 2026
• Kraken: Onchain staking: North Carolina is on Kraken's list of eligible states. Source · Nov 3, 2026

Not yet verified: License numbers are as listed on each company's own page; they were not cross-checked in NCCOB's licensee list (it blocked automated checks today). New crypto kiosk rules (S.L. 2026-45) start Jan 1, 2027 and are covered on our crypto ATM laws page, not here. Minimum age not verified for any platform.

• Law: Ohio Money Transmitters Act, R.C. 1315.01(G) and 1315.02; DFI Interpretive Guidance 2022-01 R.C. 1315.01 R.C. 1315.02 DFI guidance 2022-01
• Regulator: Ohio Department of Commerce, Division of Financial Institutions (DFI)
• Crypto license required? Yes. Per DFI Interpretive Guidance 2022-01 (not a separate crypto statute): crypto counts as money or its equivalent under the Money Transmitters Act.

Sign-up gates and product limits (only where a company or regulator states them):

• Kraken: Kraken does not serve Maine or New York residents. If you moved here from one of those states, Kraken asks for a Proof of Residence document for your new address. Source · Nov 3, 2026
• Kraken: Onchain staking: Ohio is on Kraken's list of eligible states. Source · Nov 2, 2026

Not yet verified: Pending bills (e.g. HB 648 on digital asset kiosks) are not law and are not reflected here. Minimum age not verified for any platform.

• Law: Money Transmission and Virtual Currency Transmission Business Licensing Law, section 2 (7 P.S. § 6102), as amended by Act 7 of 2025 (SB 202) Act 7 of 2025 DoBS release
• Regulator: Pennsylvania Department of Banking and Securities (DoBS)
• Crypto license required? Yes. Act 7 of 2025 requires a license to transmit virtual currency for a fee on behalf of an individual. It does not apply to some business-to-business commercial contracts or to a person's own use of a self-hosted wallet. DoBS said the law would take effect 60 days after signing.

Sign-up gates and product limits (only where a company or regulator states them):

• Kraken: Kraken does not serve Maine or New York residents. If you moved here from one of those states, Kraken asks for a Proof of Residence document for your new address. Source · Nov 3, 2026
• Kraken: Onchain staking: Pennsylvania is on Kraken's list of eligible states. Source · Nov 2, 2026

Not yet verified: License numbers are as listed on each company's own page; they were not cross-checked in NMLS or a DoBS license search. Pending bills (e.g. stablecoin and kiosk bills in the 2025–2026 session) are not law and are not reflected here. Minimum age not verified for any platform.

• Law: Texas Finance Code Chapter 152; Texas DOB Supervisory Memorandum 1037 (revised Jan 28, 2025) DOB Supervisory Memorandum 1037 DOB money services businesses
• Regulator: Texas Department of Banking
• Crypto license required? Depends on the activity. Per DOB Supervisory Memorandum 1037: crypto-only activity is generally not money transmission; activity involving US dollars (or other sovereign currency) or qualifying stablecoins can need a license. The Department decides case by case.

Sign-up gates and product limits (only where a company or regulator states them):

• Kraken: Kraken does not serve Maine or New York residents. If you moved here from one of those states, Kraken asks for a Proof of Residence document for your new address. Source · Nov 3, 2026
• Kraken: Texas residents cannot deposit or hold EUR or trade EUR pairs. Source · Nov 3, 2026
• Kraken: Onchain staking: Texas is not on Kraken's list of eligible states. Source · Nov 3, 2026
• Robinhood: Some assets are marked 'not available for trading in Texas'. Source · Oct 30, 2026

Not yet verified: Finance Code Chapter 160 (digital asset service providers) may add duties for some licensees; it is not summarized here. License numbers are as listed on each company's own page; they were not cross-checked in NMLS Consumer Access. Minimum age not verified for any platform.