Coinsetter Submits BitLicense Application, Accepting Customers in New York Legally

Coinsetter, the global bitcoin exchange for active traders based in New York City, announced today that the company has applied for the BitLicense with the New York Department of Financial Services.

Now, Coinsetter is authorized to offer service to New York customers during the application review process.

New York residents are now welcome to set up an account at www.coinsetter.com.

This announcement demonstrates Coinsetter’s commitment to offering sustainable coverage to New York customers.

“While we serve a global user base of bitcoin traders, New York has long been Coinsetter’s home. We are happy to announce that Coinsetter will continue to be headquartered in New York City, a global capital of banking and financial technology, and to serve customers throughout New York State,” said Jaron Lukasiewicz, the CEO of Coinsetter.

“While sometimes a controversial topic in our industry, regulatory licensing is a requirement for bitcoin exchanges in some states. Fulfilling our licensing requirements plays an important role in providing sustainable service to customers over the long term. Some exchanges have decided to discontinue operations in New York. We will take a more difficult path in order to make sure New York residents continue to have a high quality bitcoin exchange available to them,” continued Lukasiewicz.

It looks as if Coinsetter seeks to make its mark, making its service available in New York is a major move forward for the company.