Binance Partners with Alpaca to Offer U.S. Stocks and ETFs

Binance has taken another step towards becoming a multi-asset platform by partnering with Alpaca to offer users access to U.S. stocks and ETFs. The deal, which was revealed in recent Binance news, allows eligible users outside the United States to trade over 7,000 U.S.-listed stocks and ETFs through Nest Trading Limited, a Binance-linked entity regulated by the Abu Dhabi Global Market.

According to the agreement, Alpaca Securities handles execution, clearing, settlement, and custody of the securities traded through the service. Binance does not directly handle or custody the securities, giving it a route into U.S. equities without holding user shares itself.

The partnership also includes revenue-sharing terms, with Binance receiving 50% of Alpaca's order-flow revenue. This means that Binance has a direct commercial interest in trading activity through the service, which could potentially generate significant income for the exchange.

In addition to offering users access to U.S. stocks and ETFs, the partnership also gives Binance access to one of the world's largest crypto user bases. Users can fund stock purchases with stablecoins and selected crypto balances, including USDC, BNB, USDT, USD1, and $U.

The service does not immediately launch with tokenized stocks, but Binance has planned to launch its bStocks product later, which may support on-chain access to equities. This could make tokenized stocks more useful inside crypto-native platforms and deepen the connection between blockchain apps and traditional markets.