BingX Integrates Alpaca to Enable Direct U.S. Stock Trading
Trading platform BingX has integrated brokerage infrastructure from Alpaca to offer users direct access to over 7,000 U.S. stocks and ETFs. By bypassing traditional fiat deposits, the move allows investors to leverage existing crypto holdings to participate in equity markets through a single, unified interface.
The partnership removes the necessity for separate brokerage accounts or complex wire transfers. Users can execute trades using USDT and USDC, with entry points starting as low as $5. Unlike platforms that rely on tokenized derivatives to track price movements, this integration facilitates actual exposure to securities, including the associated custody, clearing, and settlement processes provided by Alpaca.
Kevin Lee, Chief Strategy Officer at BingX, noted that the expansion is intended to help users navigate increasingly interconnected global markets. The service operates on a 24/5 schedule, offering both market and limit order functionality. To mark the rollout, the exchange has initiated a $200,000 promotional campaign, offering $10 in Tesla stock to users who complete their first trade between October 9 and October 23.
Comments (0)
No comments yet. Be the first!