Strike, a leading Bitcoin financial services company, recently announced that it has been granted a BitLicense and Money Transmitter License by the New York State Department of Financial Services (NYDFS). The approvals authorize Strike to offer its suite of Bitcoin products and services to individuals and businesses across the state of New York.
New York is widely regarded as the financial capital of the world. The state’s regulatory framework requires the highest standards of security, operational transparency, and consumer protection. Strike’s licensure confirms that the company is one of the few Bitcoin companies that meet the strict requirements set by one of the preeminent cryptocurrency regulators in the country.
“Receiving our BitLicense is a defining milestone for Strike,” said Jack Mallers, Founder and CEO of Strike. “Strike is building the leading Bitcoin financial institution. With our BitLicense, we can now bring that mission to New York, the global center of finance. We operate at the highest standards, delivering brokerage, savings, and payments on open monetary infrastructure built for the long term. We look forward to serving New Yorkers with secure, open, and Bitcoin-native financial services.”
With today’s launch, New York residents and businesses gain access to Strike’s comprehensive Bitcoin financial services platform, including:
Buy and Sell Bitcoin: Purchase bitcoin directly via linked bank account, debit card, or wire transfer. Paycheck Direct Deposit: Convert up to 100% of direct-deposited paychecks into bitcoin with no conversion fees on amounts up to USD 20,000 per month.
Target Orders: Set price-triggered orders that execute automatically when bitcoin reaches a specified target. Recurring Buys: Automate bitcoin purchases on hourly, daily, weekly, or monthly schedules to dollar-cost average into the market. Fees are waived after the first week for personal accounts.
Bill Pay: Pay utility bills, credit card balances, and mortgage payments directly from a bitcoin balance. Secure Custody and Withdrawals: All bitcoin and cash holdings are held 1:1, never lent out or used for corporate operations. Customers can withdraw to cold storage at no cost, with on-chain fees covered by Strike.
As a NYDFS-regulated custodian, Strike is subject to ongoing audits, capital reserve requirements, and cybersecurity examinations, providing New York customers with an elevated standard of trust and accountability.
