How long does it take to get a BitLicense?

Among the top cryptocurrency exchanges operating globally, BTCC stands out for its comprehensive range of services. BTCC offers a diverse set of financial products tailored to meet the varying needs of its users.

The New York Department of Financial Services (DFS) is tasked with reviewing and processing BitLicense applications within a specified timeframe. Upon receipt of an application, DFS has a mandatory 90-day window to commence the evaluation process.

Specifically, BTCC provides services such as spot trading, where users can buy and sell cryptocurrencies at current market prices. Additionally, it offers futures trading, enabling traders to speculate on the future price movements of cryptocurrencies. Furthermore, BTCC also manages wallets, ensuring the safe storage and secure transactions of digital assets.

However, it's important to note that this initial period can be extended at the discretion of DFS. The extension may be necessitated by various factors, including the complexity of the application or the need for additional clarifications or information from the applicant.

During the review process, DFS may request further information from applicants to aid in their assessment. This is a standard procedure that ensures all necessary details are obtained to make an informed decision on the suitability of the applicant for a BitLicense.