Wu Blockchain (@WuBlockchain): Binance disclosed that it holds a minority stake in Alpaca, which holds approximately 94% market share in the custody of tokenized US stocks and ETFs.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- BNB+70Positive
Binance disclosed that it holds a minority stake in Alpaca, which holds approximately 94% market share in the custody of tokenized US stocks and ETFs. Binance just partners with Alpaca for US stock and ETF trading. Per their agreement, Binance receives 50% of Alpaca’s Payment for Order Flow (PFOF) fees and 65% of the remaining profit from user stock lending after paying interest to users.