Yes. Owning and trading crypto is legal in Florida, and a firm that receives crypto to transmit it for Floridians needs a money transmitter licence from the Office of Financial Regulation (OFR). Florida has no state income tax.

Since 1 January 2023, HB 273 has written virtual currency into chapter 560 of the Florida Statutes, the money services business law. A money transmitter is a firm that receives virtual currency to transmit it, and only an intermediary that can unilaterally execute or indefinitely prevent a transaction counts. Banks, credit unions and trust companies organised under state or federal law are exempt, and the chapter has no crypto-specific exemption. People who only hold crypto need no licence.

There is no state tax on personal income: Article VII of the Florida Constitution bars a tax on the income of natural persons, so crypto gains face federal tax only. Companies pay a 5.5% corporate income tax. Federal rules from the SEC, CFTC, Treasury and IRS apply on top, as in every state, and offshore exchanges that refuse US users refuse Floridians too. Both are covered in our United States guide.

Which crypto licences does Florida require?

A money transmitter licence from the OFR. Of the seven US exchanges we track, six list a Florida licence on their own pages; Gemini lists none.

Crypto firms hold a “Money Transmitters Part II” licence. Coinbase, Crypto.com, OKX and Gate print their Florida licence numbers; Kraken and Bitstamp list Florida among their licensing states, and Bitstamp gives no number. Gemini has no Florida entry on its trust centre page, and we do not know why: its New York trust charter may fall under the trust company exemption, but Gemini does not say so.

Table of seven exchanges that serve US residents. Coinbase: money transmitter licence FT230000152, limited, no Florida carve-out; Kraken: money services business licence MTR1843762, limited, no Florida carve-out; Gemini: no Florida licence listed, limited, no Florida carve-out; Bitstamp: money transmitter licence listed without a number, limited, no Florida carve-out; Crypto.com: money services business licence FT230000337, limited, no Florida carve-out; OKX US: money transmitter licence FT230000302, limited, no Florida carve-out; Gate US: money services business licence FT230000568, limited, no Florida carve-out.

The OFR holds the licensee register, and the exchange pages above are our source for who holds what, so check a firm’s number against the register before relying on it.

Best crypto platforms for Florida residents

By our access score inside Florida, Coinbase (8.9 out of 10) and Gemini (8.4) are the most open exchanges, Kalshi (7.3) the most open prediction market and Uniswap (8.0) the most open DeFi platform.

The score rates how fully a Florida resident can use each platform, not its fees or safety. It is the US score with Florida’s own limits applied, and Florida has none: access status (4 points), the share of the platform’s products open in the state (3), the licences we hold on file (2) and what our geo-access test saw from a US address (1). Platforms that refuse US users are not scored. The method is on our methodology page.

Exchanges

  1. Coinbase

    Best for The widest product range, open in Florida

    8.9/10
    Access
    3.5/4
    Products
    2.4/3
    Licences
    2/2
    Our test
    1/1

    Pros

    • Florida money transmitter licence FT230000152
    • Staking open in Florida (new stakes closed only in California, Maryland, New Jersey and Wisconsin)
    • Loans, DEX trading and prediction markets all open in Florida

    Cons

    • Prediction markets closed in Nevada and Michigan, not here
    • Sports event contracts are contested in other states
    Read our Coinbase report

  2. Gemini

    Best for Spot trading with a trust company behind it

    8.4/10
    Access
    3.5/4
    Products
    1.9/3
    Licences
    2/2
    Our test
    1/1

    Pros

    • Florida is in its list of US areas of availability
    • Asset Rewards staking auto-enrols Florida residents
    • Prediction markets for US residents

    Cons

    • No Florida licence entry on its trust centre page
    • Gemini Derivatives excludes US persons
    Read our Gemini report

  3. Kraken

    Best for Regulated futures for US residents

    8.3/10
    Access
    3/4
    Products
    2.3/3
    Licences
    2/2
    Our test
    1/1

    Pros

    • Florida listed among its licensing states
    • Onchain staking available in Florida
    • USD funding available in Florida

    Cons

    • Does not serve New York or Maine
    • No BitLicense
    Read our Kraken report

  4. Crypto.com

    Best for Event contracts beside a crypto app

    7.5/10
    Access
    3/4
    Products
    1.5/3
    Licences
    2/2
    Our test
    1/1

    Pros

    • Florida money services licence FT230000337
    • The App is open in 49 states, Florida included
    • Event contracts through its CFTC-registered exchange

    Cons

    • Faces a private class action in Miami over its sports contracts
    • No derivatives for US residents on the Exchange
    Read our Crypto.com report

  5. Bitstamp

    Best for Plain spot trading under US licences

    6.6/10
    Access
    3/4
    Products
    0.6/3
    Licences
    2/2
    Our test
    1/1

    Pros

    • Florida listed on its US licence page
    • No Florida carve-out in its terms

    Cons

    • Does not serve Hawaii or Nevada
    • No derivatives, staking or lending in the US
    Read our Bitstamp report

  6. OKX

    Best for Spot and conversions from a global brand

    6.0/10
    Access
    3/4
    Products
    1.5/3
    Licences
    1/2
    Our test
    0.5/1

    Pros

    • Florida money transmitter licence FT230000302
    • okx.com redirects US visitors to OKX United States

    Cons

    • Spot and OTC conversions only: no derivatives
    • Does not serve New York or four US territories
    Read our OKX report

  7. Gate

    Best for A wide coin list on a licensed US arm

    5.1/10
    Access
    3/4
    Products
    1.1/3
    Licences
    1/2
    Our test
    0/1

    Pros

    • Florida money services licence FT230000568
    • Spot, convert and staking

    Cons

    • The global gate.com refused our US address
    • No derivatives for US residents
    Read our Gate report

Prediction markets

  1. Kalshi

    Best for The broadest CFTC-regulated event contracts

    7.3/10
    Access
    3/4
    Products
    2.3/3
    Licences
    1/2
    Our test
    1/1

    Pros

    • CFTC-designated contract market and clearing house
    • No Florida order or lawsuit against it that we found

    Cons

    • Court orders geofence Nevada, Washington and Michigan
    • Sports contracts are contested in court in other states
    Read our Kalshi report

  2. Polymarket

    Best for Polymarket markets on a US-regulated exchange

    6.3/10
    Access
    3/4
    Products
    2.3/3
    Licences
    1/2
    Our test
    0/1

    Pros

    • Polymarket US (QCX LLC) is a CFTC-designated exchange
    • No Florida action against it that we found

    Cons

    • polymarket.com itself blocks US users
    • Nevada injunction and a New York lawsuit in 2026
    Read our Polymarket report

DeFi

  1. Uniswap

    Best for Swapping tokens from your own wallet

    8.0/10
    Access
    4/4
    Products
    3/3
    Licences
    0/2
    Our test
    1/1

    Pros

    • Terms do not mention Florida
    • New York company whose terms do not exclude US users

    Cons

    • Leveraged products for US retail are barred
    • CFTC fined Uniswap Labs $175,000 in 2024 over leveraged tokens
    Read our Uniswap report

  2. PancakeSwap

    Best for BNB Chain swaps and pools

    6.3/10
    Access
    3.5/4
    Products
    1.8/3
    Licences
    0/2
    Our test
    1/1

    Pros

    • Swaps, pools and staking are not excluded by the terms
    • Terms do not mention Florida

    Cons

    • PCS Perps bars users in the United States
    • No US licence on file
    Read our PancakeSwap report

Which platforms block or limit Florida residents?

None of the platforms we track. We read each platform’s own terms, licence page and help centre for Florida and found no exclusion or limit, so a Floridian gets the same access as the US guide shows.

Other states are named instead. Coinbase and Gemini cut products for New York, Kraken, OKX US and Gate US refuse it, and Gate US also bars Alaska, Louisiana, North Carolina, Texas and Washington. Florida appears on these pages only as a licence entry, a complaint notice or an area where a service is open: Kraken lists it among the states with onchain staking, and Gemini’s Asset Rewards enrol Florida residents automatically. Our data holds no Florida-specific rows for that reason, and the table of every platform below shows the US status.

Who regulates crypto in Florida?

The OFR licenses and supervises crypto firms, the Attorney General prosecutes fraud, and the Gaming Control Commission polices gambling. Florida’s 2026 session passed a kiosk law and a stablecoin law, and failed every state crypto reserve bill.

Timeline in three lanes. Legislature, 12 May 2022: HB 273 signed (Virtual currency defined). Legislature, 12 May 2023: CBDC ban signed (SB 7054). Legislature, 13 March 2026: Reserve bills die (After 2025 bitcoin bills). Legislature, 26 June 2026: Kiosk and stablecoin laws (HB 505 and HB 175). Attorney General, 10 July 2025: Robinhood Crypto probe (Subpoena issued). Attorney General, 14 April 2026: Record $5.4M recovery (Crypto fraud unit). Gaming and courts, 3 February 2025: Offshore books (Gaming Commission). Gaming and courts, 13 February 2026: Class action filed (Crypto.com, S.D. Fla.). Gaming and courts, 8 October 2026: Seminoles sue (DraftKings, Broward).

  • Kiosks. HB 505 was approved on 26 June 2026 and takes effect on 1 January 2027, with registration from 1 March 2027. A new customer, one who has used a kiosk for fewer than seven days, may transact $2,000 a day and an existing customer $10,000. Kiosk businesses must register with the OFR, licensed money transmitters are exempt from registering, and a customer who reports fraud within 60 days gets a full refund within 72 hours of a first transaction.
  • Stablecoins. HB 175 was approved on 26 June 2026. Most of it applies from 1 October 2026 and creates an OFR licence for qualified payment stablecoin issuers, tied to the federal GENIUS Act.
  • No state bitcoin reserve. The 2025 bitcoin investment bills (HB 487 and SB 550) died in June 2025, and in 2026 HB 1039, SB 1038 and HB 183 died when the session ended on 13 March. Florida has not bought crypto for a state fund.
  • Central bank digital currency. SB 7054 was signed on 12 May 2023 and excludes a federal CBDC from the state’s definition of money.
  • Attorney General. James Uthmeier opened an investigation into Robinhood Crypto on 10 July 2025 and issued a subpoena, and his office reported a record $5.4 million crypto recovery on 14 April 2026. We found no OFR enforcement order against a crypto exchange for 2024 to 2026.

Not settled, and Florida has not acted. We found no cease-and-desist, lawsuit or order from the state against Kalshi, Polymarket US or any other event-contract platform, and no platform has geofenced Florida.

The Gaming Control Commission’s news page lists letters to offshore sportsbooks and sweepstakes casinos, but nothing on prediction markets. The disputes so far are private:

  • 13 February 2026. A proposed class action, Keohohou v. North American Derivatives Exchange (No. 1:26-cv-20996), was filed in the Southern District of Florida against Crypto.com. It argues that Florida’s gambling statutes make its sports contracts void.
  • 8 October 2026. The Seminole Tribe of Florida, which holds exclusive sports betting rights under its 2021 compact, sued DraftKings in Broward County court over its prediction market and Pick6, according to press reports. We have not read the complaint.

Two 2026 gambling bills, HB 189 and SB 1580, did not pass. For the federal fight over who regulates event contracts, see the United States guide.