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Strike obtains BitLicense in New York, enabling cryptocurrency financial services for state residents.
NYDFS approval permits the Bitcoin payments firm to provide trading, bill payment, and custody services throughout New York.
Jack Mallers’ Strike has obtained a NYDFS license, enabling the Bitcoin firm to broaden its offerings to residents of New York.
Key points:
- Strike has been granted a BitLicense and money transmitter license by the New York State Department of Financial Services, allowing the Bitcoin financial services provider to function in one of the most regulated digital asset environments in the country.
- With this authorization, Strike can now provide services to individuals and businesses in New York, including trading Bitcoin, converting salaries into Bitcoin, and settling bills such as utilities, credit cards, and mortgages using Bitcoin balances.
- Strike maintains that customer Bitcoin and cash balances are held on a one-to-one basis and are not lent out, despite the company’s growth strategies that include Bitcoin-backed lending in a sector affected by notable bankruptcies.
Strike has secured a BitLicense and money transmitter license from the New York State Department of Financial Services, facilitating the Bitcoin financial services firm to operate within the state.
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“Achieving our BitLicense marks a significant milestone for Strike,” stated Jack Mallers, the founder and CEO of Strike. “With our BitLicense, we can now fulfill that mission in New York, the global financial hub.”
Strike’s move into New York is part of its broader expansion strategy announced in November 2025, when Mallers indicated that his platform would introduce Bitcoin-backed lending, enabling users to borrow fiat currency while retaining their Bitcoin. This strategy would position Strike in a sector that experienced several prominent failures in 2022, as lenders like BlockFi, Celsius, and Genesis declared bankruptcy amid the downturn in the crypto market.
The announcement on Thursday permits Strike to extend its offerings to individuals and businesses throughout New York, one of the most closely regulated digital asset markets in the United States. The company can now deliver services including Bitcoin purchases, salary deposits converted to Bitcoin, and bill payments sourced from a Bitcoin balance.
Strike is also able to provide features such as recurring purchases and price-triggered orders that execute trades when Bitcoin achieves a specified threshold. Users have the option to convert up to 100% of their direct-deposited wages into Bitcoin, with conversion fees waived on deposits up to $20,000 each month.
Strike has stated that customer Bitcoin and cash balances are held on a one-to-one basis and are neither lent nor utilized for corporate operations.
This license subjects the company to the oversight of the New York State Department of Financial Services, which encompasses audits, capital reserve regulations, and cybersecurity assessments.
