Binance discloses revenue-sharing deal with Alpaca
CoinTelegraph·
60-second summary
Binance discloses a revenue-sharing deal with Alpaca, a stock custodian, in a legal document. The agreement includes sharing 50% of Alpaca's order flow revenue with the cryptocurrency exchange. This deal highlights Binance's efforts to diversify its revenue streams and expand into traditional finance, potentially increasing its market share in the growing fintech space.
A Binance legal document disclosed a revenue-sharing agreement with Alpaca, which includes sharing 50% of the stock custodian’s order flow revenue with the cryptocurrency exchange.