March 6 News: Digital asset company Strike has received a Bitcoin license and money transfer license from the New York State Department of Financial Services (NYDFS), allowing it to offer brokerage, payment, and Bitcoin savings products within New York State. This marks a significant step forward in Strike’s compliance development and makes it one of the few crypto companies operating under New York’s regulatory framework.
Strike founder and CEO Jack Mallers said that obtaining this license is an important milestone in the company’s development. The company aims to become a leading Bitcoin financial institution. As a regulated custodian, Strike must maintain capital reserves, strictly adhere to consumer protection rules set by NYDFS, and undergo regular audits and cybersecurity reviews. The company confirms that all Bitcoin and cash holdings are maintained on a 1:1 basis and will not be used for business operations. Customers can freely withdraw to cold storage, with fees covered by Strike.
After approval, New York residents can buy and sell Bitcoin directly through the Strike platform, linking bank accounts, debit cards, or initiating wire transfers. The platform supports direct salary conversion to Bitcoin, up to 100% of monthly income, with a monthly fee-free limit of $20,000. Users can also set target orders for periodic purchases by hour, day, week, or month. Additionally, Strike supports direct Bitcoin payments for utilities, mortgage, and credit card bills, providing more convenient payment options for individuals and businesses.
This license enables Strike to compete in one of the world’s largest financial markets and enhances its position in Bitcoin financial services. The approval also demonstrates that strict regulation is not an obstacle but provides a more robust and transparent operating foundation for digital asset companies. With services now live, Strike is expected to attract many users interested in compliant custody, stable payments, and Bitcoin investments, injecting new vitality into New York’s digital asset ecosystem.
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