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Wyoming Deposit & Transfer Gets Charter to Provide Crypto Custodial Services
WDT said it is the third such charter to be granted.
Updated Sep 14, 2021, 1:15 p.m. Published Jun 22, 2021, 5:00 p.m.
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Digital asset bank Wyoming Deposit & Transfer (WDT) has been awarded a bank charter by the Wyoming Division of Banking allowing the bank to provide commercial banking and custodial services for tokenized assets and digital currencies.
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- The Wyoming Special Purpose Depository Institution (SPDI) charter provides a regulatory framework to support digital asset banking activities.
- WDT said it is the third charter of this type to be awarded.
- In September, cryptocurrency exchange Kraken became the first entity to secure a bank charter from the state. The second charter was issued to Avanti Bank in October.
- “We are pleased to have worked closely with the Wyoming Division of Banking to unite the goals of the Wyoming Legislature and regulators with the urgent need for fiduciary institution access to a qualified and regulated digital asset custodian and transfer agent,” said WDT CEO Julie Fellows.
- Gov. Mark Gordon disclosed he owns cryptocurrencies during an appearance at CoinDesk’s Consensus 2021 in May.
Read more: Wyoming Governor Mark Gordon Owns Crypto
Higit pang Para sa Iyo
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ano ang dapat malaman:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Here's what bitcoin bulls are saying as price remains stuck during global rally
It's about a lot more than "zooming out." Supply overhangs and investor "muscle memory" regarding gold help explain bitcoin's poor absolute and relative performance.
What to know:
- Bitcoin has failed so far to act as an inflation hedge or safe-haven asset, lagging badly behind gold, which has surged amid high inflation, wars, and interest rate uncertainty.
- Crypto advocates argue that bitcoin’s weakness reflects a temporary supply overhang, investor “muscle memory” favoring familiar precious metals and its correlation with risk assets, rather than a collapse in long-term demand.
- Many bitcoin proponents still see BTC as a superior long-term store of value and “digital gold,” predicting that, once traditional hard assets are overbought, capital will rotate into bitcoin, allowing it to “catch up” to gold.
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