BingX launches U.S. stock trading using Alpaca infrastructure
- Reports
- 5
- Developments
- 1
- Repetition
- 80%
New informationRepeats or wire copies
What happened
BingX launched U.S. stock trading by integrating with Alpaca, a provider of brokerage infrastructure and APIs. This new service gives eligible users access to more than 7,000 U.S. stocks and exchange-traded funds (ETFs). Users can fund trades using crypto assets like USDT and USDC without needing fiat deposits or a separate brokerage account. The offering utilizes full brokerage infrastructure, including custody, clearing, and settlement processes.
From prnewswire.com
Why it matters
The integration expands the range of traditional financial assets available on BingX, advancing its multi-asset strategy. It allows users to access U.S. securities directly through the platform while using digital assets for funding. This combines digital assets and traditional financial markets into a unified trading experience.
BingX is facilitating access to global equity markets.
From prnewswire.com
Who's involved
- AlpacaProvides brokerage infrastructure and APIs for BingX's new offering.
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The entities involved
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Alpaca
U.S.-based financial services company