Binance Discloses Revenue Sharing Agreement with Alpaca, to Receive 50% of Order Flow Fees

Odaily Planet Daily News Official documents from Binance have disclosed a revenue sharing agreement with Alpaca, a provider of custody and brokerage infrastructure APIs. According to the trading terms for Binance securities, Binance will receive 50% of Alpaca's payment for order flow fees, as well as 65% of the remaining profit from lending user stocks after paying interest to users. Alpaca provides brokerage, clearing, and custody infrastructure for Binance's stock trading products.

Previously, Binance had already launched trading access for over 7,000 US-listed stocks and exchange-traded funds, and previewed a tokenized stock product called bStocks. As of December 2025, Alpaca's assets under custody amounted to $480 million. (Cointelegraph)