Binance US Stock Business Revenue Share Disclosure: Holds a Minority Stake in Alpaca, Receives 50% of Order Flow Payment Fees, and 65% of Lending Profits

BlockBeats News, June 3rd, according to official disclosure from Binance, Alpaca not only serves as the clearing broker for its US stock business, but Binance also holds a minority stake in Alpaca. Under the agreement, Binance will receive 50% of Alpaca's Payment For Order Flow (PFOF) and 65% of the remaining profit from user stock borrowing, after deducting user interest.

Binance's recently launched US stock business adopts an "Introducing Broker + Clearing Broker" model, where Nest Trading is responsible for order routing, and Alpaca is responsible for trade execution, clearing, settlement, and asset custody. Alpaca Securities LLC is a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and is also a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), holding approximately 94% of the tokenized US stock and ETF market share.