Binance reveals revenue-sharing deal with Alpaca for stock trading fees and lending profits

Binance disclosed a revenue-sharing agreement with Alpaca, where it will receive 50% of Alpaca's payment-for-order-flow fees and 65% of stock lending profits after user payouts. Alpaca acts as the clearing broker for Binance’s stock trading, offering access to over 7,000 US stocks and ETFs with low fees and a $5 minimum trade. This partnership supports Binance’s future plans for tokenized equities on its blockchain. While trading appears commission-free, Binance generates revenue through multiple streams, but the arrangement carries regulatory risks due to ongoing scrutiny of payment-for-order-flow and stock lending practices.