US availability, state by state
Lending is licensed state-by-state in the US, so almost every lender has a list of states it can't serve yet. The table below shows US status, whether New York (the most commonly excluded state) is served, and other notable exclusions. Confidence reflects how directly we could verify each from the lender's own current disclosures.
| Lender | US borrowers | New York | Notable US exclusions | Conf. |
|---|---|---|---|---|
| Strike | Yes (select states) | Yes — holds NY BitLicense | HI n/a; DE & MD business-only | High |
| Ledn | Yes (most states) | Yes | CA, CT, HI, NV, ND, SD, TN, WA, DC | High |
| Arch | Yes (44 states) | Yes | CA, DE, HI, MD, MS, MT, NV, ND, RI, SC, VT (individuals) | High |
| Figure | Yes (most states) | Yes — via Figure Markets Credit | ID, IL, KY, MD, MS, SD, TX, VT, VA, DC | Med |
| Nexo | Yes (rejoined US Feb 2026) | Not published — confirm | No public state list yet | Med |
| Coinbase | Yes | No — NY excluded | NY only | High |
| SALT | Yes (47 states + DC) | No | NY, ND, SD | High |
| Unchained | Business/entity loans only | No | LA, MT, NV, NM, ND, SD (no retail loans) | High |
| APX Lending | Yes (commercial, ~30 states) | Not published — confirm | US min $25K USDC; state list not published | Med |
| Lantern | US residents only | Not published — confirm | Licensed AZ, MI, PA, UT (+ others via NMLS); rollout is recent | Med |
| Xapo Bank | No — US persons excluded | — | Entire US | High |
| YouHodler | No — US excluded | — | Entire US + territories | High |
| CoinRabbit | Likely no (reported) | — | Restricts at country level; official page vague | Low |
| Aave v3 (DeFi) | Permissionless; front-end no US block | Yes — no state gating | ToS blocks sanctioned jurisdictions/persons | Med |
| Morpho (DeFi) | Permissionless; front-end no US block | Yes — no state gating | ToS blocks sanctioned jurisdictions/persons | Med |
| Compound (DeFi) | Permissionless protocol; front-end unverified | Unverified | Front-end terms not confirmed | Low |
State lists reflect each lender's published disclosures as of the date above and change as licensing expands. "Not published / confirm" means the lender doesn't publish a clear list — check in-app or with support. See rate, LTV and custody data with source links in the comparison table.
International availability
Outside the US, the picture differs sharply by lender:
- Broadly global (varies by country): Ledn, Nexo (150+ jurisdictions), CoinRabbit (broad, sanctions-gated), and the DeFi protocols (Aave, Morpho, Compound) at the contract level.
- Regional focus: APX Lending is Canada-first (the only CSA-approved crypto lender) with US expansion; SALT lists Canada, the UK, Brazil, Portugal, Switzerland, the UAE, Vietnam, Australia and New Zealand among others.
- US-only: Strike (Bitcoin-backed loans), Lantern, and Unchained are US-focused.
- Serves most of the world except the US: Xapo Bank (100+ countries, Gibraltar-licensed bank — note crypto loans aren't offered in the UK) and YouHodler (EU, Switzerland, Argentina; excludes US and Canada).
Why availability changes
Two forces move this list constantly. First, US state licensing: lenders add states as they secure the right licenses, so an excluded state today can open next quarter (and vice-versa if a license lapses). Second, regulatory re-entry and exit: Nexo, for example, left the US in 2023 and re-entered in early 2026 via a partnership. That's why we flag confidence and date everything — and why you should treat this page as a starting point and confirm current eligibility directly with the lender before pledging any Bitcoin.
FAQ
Can I get a Bitcoin-backed loan in New York?
Yes, from some lenders — Strike (NY BitLicense holder), Arch, and Figure serve NY, and DeFi front-ends like Aave and Morpho don't gate by state. Coinbase, SALT and Unchained exclude NY. Confirm at signup.
Which lenders work for US borrowers?
Ledn, Strike, Nexo, Coinbase, Arch, SALT, Figure, APX Lending (commercial) and Lantern serve US borrowers with state-by-state exclusions; DeFi protocols are permissionless. Xapo Bank, YouHodler and (per reports) CoinRabbit don't serve US persons.
Why do lenders exclude states like New York?
US lending is licensed state by state. Stricter regimes — New York's BitLicense being the prime example — are commonly excluded until a lender is licensed there. It's a licensing gap, not a judgment on the borrower.
Is this list guaranteed accurate?
No — availability changes frequently and some lenders don't publish clear state lists (we flag those "Med/Low confidence"). Treat this as a starting point and confirm current eligibility with the lender before borrowing.
Find a lender that serves you — and compare the terms
Rate, LTV, liquidation level, custody and fees for every lender we track — independently verified, with a source link on every row.
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