Binance launches trading of over 1,000 US stock and ETF options for non-US clients

Product / TechDigital Finance
โดย Money & Banking·GLOBAL·Read original
Summary · why it matters

Binance, the world's largest cryptocurrency exchange, has opened trading of options linked to US stocks and ETFs to clients outside the United States, offering more than 1,000 products through a partnership with Alpaca Securities LLC, a US-registered broker-dealer. The products are offered via Nest Trading Limited, a Binance company in Abu Dhabi, with Alpaca handling order execution, clearing and settlement of securities, as well as custody of client assets. The launch is part of Binance's expansion of products linked to traditional finance (TradFi), following offerings ranging from tokenized securities to perpetual futures. Shunyet Jan, Binance's head of Exchange and Trading, said demand for trading traditional assets on Binance has grown rapidly, with monthly trading volume of TradFi-linked perpetual futures increasing about 15-fold, from roughly $30 billion in January to approximately $445 billion in July. This move reflects the trend of digital asset platforms evolving into "everything apps" to retain users, while competitors like Coinbase and Kraken have also begun offering similar products.

Impact on stocks 1

Digital Finance & Tokenization▲ · 1 stocks
Coinbase Global Inc
COIN
± MixedCompetitionrelevance

Binance's expansion into US stock options increases competition for Coinbase, which also offers similar products.

Theme Impact 2

Off-coverage companies 4

BinancePrivate▲ Positive
Demandrelevance

Binance launches trading of over 1,000 US stock and ETF options, expanding its TradFi offerings and meeting growing demand.

Nest Trading Ltd.Private▲ Positive
Demandrelevance

Nest Trading Limited, a Binance company, will offer the products, benefiting from the launch.

AlpacaDB, Inc. (Alpaca)Private▲ Positive
Demandrelevance

Alpaca Securities LLC partners with Binance to handle execution and custody, gaining business from the new offering.

Kraken (Payward Inc.)Private± Mixed
relevance

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