Square Cash App Now Offers BTC Trading for New York Users

Square Receives NY BitLicense, Cash App Now Offers BTC Trading for New York Users

Financial services provider Square has received a BitLicense from the New York Department of Financial Services (NYDFS), according to a press release published. As a result, Bitcoin (BTC) trading is now available to New York users of Square’s Cash App, according to Cash App’s Twitter.

“DFS is pleased to approve Square’s application and welcomes them to New York’s expanding and well-regulated virtual currency market. DFS continues to work in support of a vibrant and competitive virtual currency market that connects and empowers New Yorkers in a global marketplace while ensuring strong state-regulatory oversight is in place,” Superintendent Maria Vullo said in a statement.

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