Kraken
Exceptional security track record and strong regulatory standing. The safest all-round choice for serious crypto investors, particularly in the US and Europe.
Cold StorageProof of ReservesStaking
4.6/ 5
Crypto RegulatorBest NYDFS-Licensed Crypto Exchanges
Last updated
3
Regulated Exchanges
Country
United StatesJurisdiction
New York, United States
Brokers listed here are regulated by the New York Department of Financial Services (NYDFS), a Tier 1 regulator overseeing crypto service providers in New York State. NYDFS sets strict requirements for licensing, cybersecurity protocols, and anti-money laundering compliance. Brokers must operate with transparency and maintain adequate financial standards, including the segregation of customer funds. NYDFS is known for its rigorous enforcement and detailed application process, making New York one of the most challenging jurisdictions for crypto broker licensing in the United States.
Verify on official register
Check an exchange's licence status directly on the NYDFS public register.
NYDFS Regulated Crypto Exchanges
3 crypto exchangesSort:
The most regulated crypto exchange in the US. Best-in-class institutional custody and unmatched regulatory clarity for US-based investors.
Cold StorageProof of ReservesStakingDeFi AccessThe compliance-first US crypto exchange. Gemini's NYDFS oversight, Deloitte-attested Proof of Reserves, and SOC 2 Type II certification make it the strongest regulated choice for institutional and compliance-sensitive US investors.
Cold StorageProof of ReservesStaking
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Frequently Asked Questions
NYDFS is classified as a Tier 1 crypto regulator. Comprehensive crypto regulatory framework with licensing requirements, asset segregation, and consumer protections.
We currently list 3 crypto exchanges regulated or registered under NYDFS. The full list is shown above, sorted by overall rating.
NYDFS is based in United States and covers the New York, United States jurisdiction. As a Tier 1 crypto regulator, it requires exchanges to hold client assets separately, maintain capital reserves, and meet ongoing compliance obligations, comparable to MiFID II standards for traditional finance.
Visit the official NYDFS website and use their public register or licence verification tool. Enter the exchange's registered name to confirm its current status. This is the most reliable way to verify regulatory standing.
NYDFS regulation primarily addresses licensing, AML/KYC compliance, and operational standards. Compensation for hacks depends on the exchange’s own insurance fund or Proof of Reserves commitments, not typically a government-backed compensation scheme. Always choose exchanges with published cold storage ratios and Proof of Reserves attestations.