Binance Discloses Minority Stake in Alpaca Amid New Trading Partnership

Binance has revealed that it holds a minority stake in Alpaca, a company that reportedly controls about 94% of the custody market for tokenized U.S. stocks and ETFs.

The disclosure coincides with a new partnership between the two companies aimed at expanding U.S. stock and ETF trading services. Under the agreement, Binance will be entitled to half of Alpaca’s payment-for-order-flow revenue, along with 65% of the profits generated from stock lending after users receive their share of the interest.

Source: Binance