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Is Coinbase, Kraken or Robinhood licensed in Pennsylvania?

What each company's own license page says for Pennsylvania, with the source and the date we checked. Alphabetical, no rankings.

  • Coinbase Licensed
    Yes. Coinbase's own license page lists Pennsylvania Money Transmitter license 51015 (Department of Banking and Securities). Checked Nov 2, 2026.
  • Kraken Licensed
    Yes. Kraken's own license page lists Payward Interactive, Inc.: Pennsylvania Money Transmitter License 110992. Affiliate Payward Financial, Inc. also lists Pennsylvania license 116121. Checked Nov 2, 2026.
  • Robinhood Not listed
    Not listed. No Pennsylvania license on Robinhood Crypto's license PDF (dated Oct 28, 2025) as of Nov 2, 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 Pennsylvania? 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.
Checked Nov 2, 2026 · official and company sources linked below

Who's licensed in Pennsylvania: details

Licensed on company pagePending application pendingNot listed no license listedNot offered doesn't serve state

Act 7 of 2025 (signed June 27, 2025) added virtual currency to Pennsylvania's money transmission licensing law: transmitting virtual currency for a fee on behalf of an individual now needs a license from the Department of Banking and Securities.

  • CoinbaseLicensed

    Pennsylvania Money Transmitter license 51015 (Department of Banking and Securities). Source · checked Nov 2, 2026

  • KrakenLicensed

    Payward Interactive, Inc.: Pennsylvania Money Transmitter License 110992. Affiliate Payward Financial, Inc. also lists Pennsylvania license 116121. Source · checked Nov 2, 2026

  • RobinhoodNot listed

    No Pennsylvania license on Robinhood Crypto's license PDF (dated Oct 28, 2025) as of Nov 2, 2026. Source · checked Nov 2, 2026

Law, regulator, limits & sources
  • 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.

"Not listed" means the company's own license page did not list a license for Pennsylvania 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 Pennsylvania? · Can I use Kraken in Pennsylvania? · Can I use Robinhood in Pennsylvania?

Crypto in Pennsylvania → All states →

Other states: California, Florida, Georgia, Illinois, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Texas.

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