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Is Coinbase, Kraken or Robinhood licensed in Texas?

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

  • Coinbase Licensed
    Yes. Coinbase's own license page lists Texas DOB Money Transmitter License 3121. Checked Nov 3, 2026.
  • Kraken Licensed
    Yes. Kraken's own license page lists Texas Money Transmitter License 3202. Checked Nov 3, 2026.
  • Robinhood Not listed
    Not listed. No Texas 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 Texas? 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.
Checked Nov 3, 2026 · official and company sources linked below

Who's licensed in Texas: details

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

Money services businesses are licensed by the Texas Department of Banking under Finance Code Chapter 152. The Department's Supervisory Memorandum 1037 says non-stablecoin virtual currency (like Bitcoin) is not money under the Act, so dealing only in it is not money transmission, while transactions that involve US dollars or other sovereign currency, or qualifying stablecoins, can require a money transmission license.

  • CoinbaseLicensed

    Texas DOB Money Transmitter License 3121. Source · checked Nov 3, 2026

  • KrakenLicensed

    Texas Money Transmitter License 3202. Source · checked Nov 3, 2026

  • RobinhoodNot listed

    No Texas 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: 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.

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

Crypto in Texas → All states →

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

Coinbase vs Kraken vs Robinhood in Texas: side by side →

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