Strike Receives BitLicense and Money Transmitter License from the New York Department of Financial Services

Millions of New Yorkers can now access Strike’s suite of Bitcoin financial services following approval from one of the nation’s most rigorous financial regulators

NEW YORK--(BUSINESS WIRE)--Strike, a leading Bitcoin financial services company, today 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 $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.

Strike is available for download immediately. New York residents can sign up at https://strike.me/

About Strike

Strike is a Bitcoin financial services company that enables individuals and businesses to buy, sell, hold, and transact in bitcoin. Founded by Jack Mallers, Strike is focused on delivering simple, secure, and compliant products that make Bitcoin accessible to everyone. The company is headquartered in Chicago and serves customers across the United States. For more information, visit https://strike.me/.

Zap Solutions, Inc. dba ‘Strike’ is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is not legal tender and is not backed by the government. Strike accounts are not FDIC-insured. Bitcoin’s price is volatile and can lead to losses. Sends on the Bitcoin network are irreversible, and losses from fraudulent or accidental transactions may not be recoverable.