Coinbase, Exchanges

Does Coinbase Have a BitLicense?

As of May 2018, Coinbase does not have a BitLicense. However, the company is in the process of applying for one.

Coinbase is one of the most popular cryptocurrency exchanges and allows users to buy, sell, and store digital assets. The company is headquartered in San Francisco and has over 25 million users in 32 countries.

Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam. Coinbase allows users to buy and sell cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more.

NOTE: WARNING: The Coinbase cryptocurrency exchange does not have a BitLicense from the New York State Department of Financial Services. Coinbase is not licensed, regulated or authorized to provide services in New York state, and it is against the law for Coinbase to offer services to customers in New York. Any attempts to use Coinbase services in New York may result in legal action.

The company also offers a wallet service to store digital assets.

In order to operate in New York State, Coinbase needs to apply for and obtain a BitLicense. The BitLicense was created by the New York State Department of Financial Services in 2015 and is required for any business that deals with virtual currencies.

Coinbase is currently in the process of applying for a BitLicense. The application process is lengthy and requires businesses to provide extensive information about their operations.

Once Coinbase obtains a BitLicense, it will be able to offer its services to residents of New York State.

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