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Is Coinbase, Kraken or Robinhood licensed in Illinois?
What each company's own license page says for Illinois, with the source and the date we checked. Alphabetical, no rankings.
- Coinbase Licensed
Yes. Coinbase's own license page lists Illinois Money Transmitter License MT.0000350. Checked Nov 3, 2026. - Kraken Licensed
Yes. Kraken's own license page lists Money Transmitter License MT.0000362. Checked Nov 3, 2026. - Robinhood Not listed
Not listed. No Illinois license on Robinhood Crypto's license PDF (dated Oct 28, 2025) as of Nov 3, 2026. That does not mean Robinhood operates without authorization; it may rely on an exemption or an affiliate, or no license may be needed. - Crypto license required in Illinois? 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.
Who's licensed in Illinois: details
Licensed on company pagePending application pendingNot listed no license listedNot offered doesn't serve state
Money transmitters are licensed by IDFPR under the Money Transmission Modernization Act (205 ILCS 658). Illinois also passed the Digital Assets and Consumer Protection Act (205 ILCS 731, signed Aug 18, 2025), which requires digital asset businesses to register with IDFPR; IDFPR says they have until July 1, 2027 to register.
CoinbaseLicensed
Illinois Money Transmitter License MT.0000350. Source · checked Nov 3, 2026
KrakenLicensed
Money Transmitter License MT.0000362. Source · checked Nov 3, 2026
RobinhoodNot listed
No Illinois license on Robinhood Crypto's license PDF (dated Oct 28, 2025) as of Nov 3, 2026. Source · checked Nov 3, 2026
Law, regulator, limits & sources
- 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.
"Not listed" means the company's own license page did not list a license for Illinois on the date shown. It does not mean the company is operating without authorization (it may rely on an exemption, a pending application, another affiliate, or no license may be required). Platforms are alphabetical; this is not a ranking. Informational, not legal advice.
Can I use Coinbase in Illinois? · Can I use Kraken in Illinois? · Can I use Robinhood in Illinois?
Crypto in Illinois → All states →
Other states: California, Florida, Georgia, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas.
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