2025 was a significant year for Alpaca as we expanded the scope and depth of our brokerage infrastructure. We advanced our self-clearing capabilities, entered new markets, and supported a broader range of asset classes while continuing to serve hundreds of global partners.
Over the past year, we aggressively expanded our API infrastructure with a diverse set of new products and features, including: multi-leg options, Alpaca’s Instant Tokenization Network (“ITN”), 24/5 trading, Fully-Paid Securities Lending (FPSL), Fixed Income access, Alpaca’s MCP Server, OmniSub for advanced sub-accounting and support for Shariah-compliant investing†. We also received Fixed Income Clearing Corporation (“FICC”) and Options Clearing Corporation (“OCC”) approvals along with Nasdaq Exchange membership, advancing Alpaca’s existing clearing capabilities for US equities through the DTCC and positioning the Company as a robust multi-asset, self-clearing broker-dealer.
It was also an incredible year for Alpaca’s global expansion and industry recognition. We partnered with leading financial institutions, announced our acquisition of WealthKernel to support operations in the UK and EU, completed a $52 million Series C funding round to support continued growth, and won numerous industry awards.
All of these developments advanced our mission and vision of opening financial services to everyone on the planet by building the global de facto standard infrastructure for investing. As the year comes to a close, we’re proud to share some of our key milestones as well as our focus for 2026.
New Products and Releases - Trading API
At Alpaca, we strive to make trading more cost-efficient, transparent, and accessible for the next generation of active traders and developers. In 2025, we focused on scaling advanced trading capabilities. From launching yield products that enhance the returns of idle assets to expanding our multi-asset support, we have equipped traders with the tools needed to build, automate, and scale sophisticated strategies with ease. This is only the beginning. We are committed to investing in features and offering competitive pricing to ensure Alpaca remains the most innovative, transparent, and developer-first platform for modern trading.
Multi-Leg Options Trading*
We introduced Level 3 multi-leg options trading, enabling advanced strategies such as spreads, straddles, and condors. This provides algorithmic traders with professional-grade options capabilities, allowing more sophisticated risk management and strategy execution.
Options on TradingView*
Our integration with TradingView expanded this year with options trading directly on the TradingView interface with their Alpaca account. Traders can now analyze, chart, and execute US options trades with professional-grade options tools, visual analysis, and execution capabilities within their preferred charting experience.
High-Yield Cash**
Following the success of the High-Yield Cash API for Broker API in 2024, High-Yield Cash became available to Trading API in 2025. This feature enables traders to earn competitive returns on idle USD balances while maintaining the flexibility to withdraw or transfer funds at any time.
Stock Lending***
We rolled out Stock Lending for US-based traders, providing another channel to generate passive income by lending fully-paid US equities at competitive rates. We’ve made it easy for traders to optimize their portfolio without any impact on day-to-day trading activities.
Alpaca's MCP Server****
Alpaca’s MCP Server now enables traders to research markets, analyze data, and execute trades using AI interfaces like ChatGPT, VS Code, Cursor, and Claude. Acting as a bridge between AI agents and Alpaca’s trading infrastructure, the server provides structured access to market data, portfolio information, and order execution across US equities, options, and crypto. The MCP Server streamlines workflows and enables faster, more efficient decision-making in trading.
Direct Market Access for Elite Smart Router*****
Alpaca enhanced its Elite Smart Router by launching a Direct Market Access (DMA) Gateway and advanced order types, VWAP and TWAP, to provide institutional and algorithmic traders with greater control over their execution strategies. The DMA Gateway enables traders to route orders directly to specific exchanges, such as NASDAQ, ARCA, and NYSE, while the new algorithmic order types help minimize market impact by automating execution based on volume and time benchmarks.
Zero ETB Borrow Fees******
Alpaca eliminated borrowing fees for all easy-to-borrow (ETB) stocks, allowing traders to short ETB shares at zero additional cost. No fees reduce barriers for active traders, improve flexibility and efficiency, and enhance competitiveness for short-selling strategies.
New Products and Releases - Broker API
At Alpaca, we strive to make brokerage infrastructure transparent and accessible for our partners. In 2025, we scaled our Broker API to empower partners with a truly global, multi-asset toolkit that bridges traditional finance with the digital future. We shattered the constraints of traditional market hours and asset classes. We enabled partners to enhance customer returns and eliminate back-office complexity. We remain committed to delivering the foundational features and competitive advantage that ensure Alpaca remains the most innovative brokerage infrastructure for those building the future of modern embedded finance.
24/5 Trading^
We announced 24/5 US equity trading access at Alpaca’s Partner Summit in Kyoto. 24/5 enables global partners to embed around-the-clock trading, empowering users to respond to earnings, economic events, and global news as they occur, reducing the constraints of traditional market hours while creating a tailored experience for their customers.
Alpaca's Instant Tokenization Network^^
We launched Alpaca’s Instant Tokenization Network (ITN) on stage at Token2049, enabling real-time tokenization of US equities by converting executed orders into digital settlement tokens. Alpaca’s ITN bridges traditional brokerage infrastructure with blockchain technology, reducing post-trade friction, streamlining settlement, and supporting programmable finance.
ITN enables developers, fintech platforms, and institutional traders to access tokenized assets while maintaining regulatory compliance, laying the groundwork for next-generation clearing models, increased transparency, and expanded global access to tokenized US equities.
Fixed Income Trading^^^
We expanded our asset offerings to include fixed income, starting with US Treasuries, providing partners’ users with an equities-like trading experience. The infrastructure aggregates quotes from liquidity providers, routes orders efficiently ( as fast as ~2 ms on average.), and supports both market and marketable limit orders, with plans for fractional support. Alpaca also built partner-friendly, non-predatory fee structures and aims to extend support to additional bond types and broader fixed-income markets in the near future.
Securities Lending~
We launched Fully Paid Securities Lending for Broker API, allowing our partners to offer securities lending programs to their users. The feature enables partners and their customers to earn passive income by lending eligible, fully paid US equities without managing operational or compliance complexity. This offering brings institutional-grade capability into retail and embedded investing experiences through a simple API integration.
OmniSub‡
We launched Alpaca’s OmniSub, a powerful sub-accounting platform that provides the privacy and flexibility of an omnibus account structure without the operational burden of building a complex ledger. OmniSub automates complex back-office tasks, including real-time position management, trade matching, and corporate action processing. This technology simplifies operations for financial institutions, enabling scalable and efficient multi-account management and financial workflows.
Stocktwits Integration
Through a partnership with Stocktwits, the leading social platform for investors and traders with over 10 million traders, Alpaca partners can provide users with real-time social sentiment data directly alongside Alpaca-powered trading. This brings community-driven insight and market chatter right into the investment workflow, helping users stay informed without leaving the platform.
Expanding Our Crypto Infrastructure
We expanded our crypto infrastructure by making our offering MiCA-compliant and available across 49 US states⍏ and in the EU, broadening regulated access for partners and investors. Additionally, we introduced crypto post-trade settlement, enabling capital efficiencies by netting crypto obligations against securities balances. We also launched an institutional-grade stablecoin on/off-ramp with zero-slippage market orders and 24/7 settlement SLAs measured in seconds, bringing regulated, high-performance crypto infrastructure closer to traditional brokerage standards.
Celebrating Our Partners
We increased our global footprint by forming new strategic collaborations and scaling existing partnerships. Each of these partnerships has helped increase financial access and enhanced localized investing solutions. Below are some of our partners’ Broker API launch and success stories:
Abyan Capital
Abyan Capital, a leading robo-advisory investment platform in Saudi Arabia, launched their new self-directed trading service with Alpaca. This enabled them to provide Shariah-compliant access to US equities and Profit Sharing Savings Accounts†, as well as streamlined onboarding for Saudi investors.
Backed
Backed, recently acquired by Kraken, is a European Union (EU) regulated issuer of tokenized stocks known as xStocks. Backed partnered with Alpaca to launch xStocks, integrating traditional securities with tokenized assets to offer programmable, on-chain access to US equities. This partnership brought innovative cross-border investment opportunities to on-chain markets. More recently, xStocks launched xPort, their integration with Alpaca’s ITN.
Composer
Alpaca powers Composer’s no-code algorithmic trading platform, enabling users to construct, test, and deploy investment strategies using modular building blocks without requiring deep programming expertise. This year, Composer integrated options and crypto, furthering their partnership with Alpaca beyond US stocks.
Dime!
Dime!, a market leader in providing US stock investing in Thailand, partnered with Alpaca to revolutionize investing in the country, making US markets accessible with low entry requirements and user-friendly tools for retail investors. With Alpaca’s Broker API, Dime! offers end-customers fractional access to US stocks, low minimums, and simplified tax filing processes.
Eko
Eko collaborated with Alpaca to enable banks and credit unions across the US to embed modern investing experiences directly into their digital platforms for as little as $1 USD. With Alpaca’s infrastructure behind them, Eko’s white-label investing services enable community financial institutions to offer self-directed investing, pre-built portfolios, hybrid investing, individual retirement accounts (IRAs), Roth IRAs, and even crypto with ease.
Global Menkul Değerler
We partnered with Global Menkul, a well-established and publicly traded Turkish brokerage firm. Together, we’re providing wider access to US equities with competitive pricing and fractional share support through Alpaca’s Broker API.
Gotrade
Gotrade embedded US options and 24/5 trading, expanding on their US stock offering with Alpaca back in 2021. Gotrade now offers retail investors in Malaysia, Indonesia, and the wider Southeast Asia region access to derivatives and expanded trading hours, furthering their mission of providing affordable and accessible trading for millions of users.
GoTyme Bank
We partnered with GoTyme Bank, one of the fastest-growing digital banks in the Philippines, to launch GoTyme Crypto, a built-in cryptocurrency investing feature providing access to digital assets like Bitcoin, Ethereum, and Solana directly within the bank’s mobile app. Powered by Alpaca’s Broker API, this integration brings accessible crypto investing to everyday Filipinos with simplicity, bank-level security, and local regulatory alignment.
Investlink
Investlink, a Kazakhstan-based brokerage, leveraged Alpaca’s Broker API to build diverse investment products that simplify access to global markets in Central Asia. With Alpaca, Investlink now offers US stocks and ETFs, margin trading, extended hours trading, high-yield cash, and options trading. This collaboration drives more inclusive financial participation where traditional access had been limited.
Kernel
Kernel, a New Zealand-based investment platform, partnered with Alpaca to encourage long-term investment and wealth-building opportunities through US stocks and fractional investing. With the partnership, Kernel is able to meet local demand and provide a single platform for investment management and trading, expanding global investing options for Kiwi users.
Kraken
Kraken, one of the world’s most trusted and longest-standing cryptocurrency platforms, partnered with Alpaca to offer access to US stocks and ETFs. Through the partnership, Kraken is bridging traditional equities with crypto infrastructure, creating a multi-asset investing experience for millions of users. Kraken recently extended its partnership with Alpaca to accelerate the global adoption of xStocks.
Manzil
We supported the launch of Manzil Invest USA, a platform offering Shariah-compliant investment solutions tailored to American Muslims. Powered by Alpaca’s Broker API, Manzil’s platform provides customers with access to a wide range of pre-determined halal investment strategies, furthering their mission to simplify investing and saving for Muslims across North America.
Midas
We furthered our partnership with Midas, a leading Turkish investment platform, through the launch of options trading powered by Alpaca’s Broker API. This expansion enables Midas to offer investors free real-time market data, competitive pricing, and an intuitive trading experience, supporting their mission to make investing more accessible and affordable across Turkey. The launch follows Midas’s successful $80 million Series B funding round, reinforcing the platform’s growth and continued commitment to expanding modern investment access for a new generation of investors.
Moola
Moola partnered with Alpaca to bring simplified, accessible financial and investing solutions to everyday Americans. Through Alpaca’s Broker API, Moola launched US stocks and ETFs, IRA accounts, FPSL, and high-yield cash products. The partnership supports their vision of building a simple, mobile-only investment platform that makes it easier for new investors to participate in global markets.
Ondo Finance
Ondo Finance and Alpaca collaborated to launch Ondo Global Markets, a platform offering tokenized US stocks and ETFs. This initiative bridges traditional finance and on-chain markets by providing accessible, transferable, on-chain versions of securities, expanding global investment access through blockchain technology.
Quantl
Quantl is an AI-powered, algorithmic robo-trading platform that’s bridging the gap between sophisticated trading and data-backed investing in the Middle East. Through our collaboration, Quantl now offers direct access to US stocks and ETFs, simplifying access to advanced tools and US markets.
Sav
Sav, a Gulf Cooperation Council (GCC) fintech, launched access to US stocks and ETFs, as well as high-yield savings accounts through Alpaca’s Broker API. This partnership significantly lowers traditional barriers to cross-border investing and combines fractional equity access with cash yield features.
SBI SECURITIES
We expanded our presence in Asia by powering SBI SECURITIES’ US stock execution service, enabling Japan’s largest online brokerage firm to provide their clients with more robust access to US equities. Our collaboration reflects growing demand among Japanese investors for global market exposure and strengthens Alpaca’s execution capabilities in international markets.
ZAD
We furthered our partnership with ZAD, a leading Kuwait-based investment platform for Shariah-compliant US stocks and ETFs, to expand global access to Shariah-compliant investing, particularly in Gulf markets such as Saudi Arabia and Kuwait. With Alpaca’s infrastructure, ZAD offers Shariah-compliant Instant Funding, options trading, and Profit Sharing Savings Accounts. This collaboration supports ethical investment options that align with Islamic finance principles, expanding the choice for investors seeking faith-based investing opportunities.
Expanding Our Presence Globally
WealthKernel Acquisition — Entering the UK & EU
Alpaca announced its acquisition of WealthKernel, a UK- and EU-based wealthtech platform with licensed brokerage and tax-advantaged products, including Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs). This move accelerates Alpaca’s ability to serve partners across the UK and EU with compliant trading, custody, and wealth products. Completion remains subject to regulatory approvals.
Series C Funding — Fueling Global Expansion
Alpaca achieved a significant capital milestone this year, closing a $52 million Series C funding round led by new and returning investors, including Derayah Financial, 850 Management, National Investments Company (NIC), Unbound, and Portage Ventures. This funding strengthened our capacity to expand globally, enhanced our institutional-grade APIs, deepened our self-clearing capabilities, and extended asset-class access across the US, the Middle East, Asia, and beyond.
Alpaca’s 2nd Annual Partner Summit
We hosted our second annual Partner Summit in Kyoto, Japan, bringing together over 70 global fintech companies for networking and sessions on AI in finance, tokenization, and sustainable growth strategies.
Conference Presence
The Alpaca team traveled globally to connect with our community and shape the future of finance. We hosted workshops at TechWeek in LA and SF, championed the convergence of TradFi and blockchain at TOKEN2049 and Solana Breakpoint, and explored the evolution of embedded investing with banking leaders at Money20/20 in the USA and Europe. From developer hackathons to major fintech stages, it was a great year for Alpaca and we’re excited to continue sharing our story in 2026.
Alpaca’s Recognition in the Industry
In 2025, industry leaders and global institutions continued to validate Alpaca’s innovation, infrastructure strength, and market influence across digital markets, traditional finance, and entrepreneurial excellence. These recognitions reflect our commitment to scaling open financial services worldwide and setting new standards in broker‑dealer infrastructure.
Nasdaq Exchange Membership
Alpaca achieved Nasdaq exchange membership, strengthening our ability to provide full‑stack brokerage infrastructure. The Nasdaq membership allows Alpaca to connect directly to the exchange’s order book, providing streamlined access to its full depth of liquidity and a comprehensive suite of order types. This membership enhances our execution capabilities, contributes to market depth, and reinforces our commitment to high‑performance, regulated operations.
OCC & FICC Memberships
We secured memberships with both the Options Clearing Corporation (OCC) and the Fixed Income Clearing Corporation (FICC), enabling multi-asset self-clearing for our partners. With OCC and FICC memberships approved, and in combination with Alpaca’s existing Nasdaq membership and DTCC clearing status, we’re reducing our reliance on third-party clearing brokers across various offerings.
Additionally, this provides Alpaca with full control over the trading lifecycle from execution to settlement while benefiting our global partners with greater workflow flexibility, real-time post-trade visibility, and fast trade processing.
Alpaca Leading the Tokenization Market^^
In December, we announced that Alpaca holds over 94% of the market share for tokenized US stocks and ETFs, with more than $480 million in tokenized assets under custody, and a 97% share in tokenized large and mega-cap stocks, including TSLA, SPY, QQQ, NVDA, and IVV. This reflects our role as the de facto infrastructure standard for on-chain markets, driven by Alpaca’s ITN and partnerships with firms like Ondo Finance, Dinari, Backed Finance (xStocks), and more.
This position highlights our role in connecting regulated brokerage systems with blockchain technology and demonstrates how tokenization may help broaden access to traditional securities globally.
FinTech of the Year Award
Alpaca was honored with FinTech of the Year at the 2025 US FinTech Awards, recognizing our leadership in technology, product innovation, and impact on the broader financial ecosystem.
Inc. Power Partner Recognition
We were recognized as a 2025 Inc. Power Partner, acknowledging Alpaca’s role as a vital infrastructure provider and collaborator across the startup and small business ecosystem. This distinction reflects our contributions to fintech innovation and partnerships that empower builders worldwide.
CB Insights Top 100 Most Promising Fintech
Alpaca was named among the Top 100 Most Promising Fintech Startups by CB Insights, a prestigious list that identifies the world’s most transformative private companies. This recognition underscores investor confidence in our products, their potential, and the long-term impact of our technology across global markets.
Yoshi Yokokawa Recognized as Endeavor Entrepreneur
Alpaca’s Co-Founder and CEO, Yoshi Yokokawa, was recognized as an Endeavor Entrepreneur, honoring his leadership in building high‑impact global technology ventures. This accolade highlights not only Alpaca’s growth but also our leadership’s influence on the broader entrepreneurial ecosystem.
Global Dollar Network
Alpaca joined the Global Dollar Network, enabling access to USDG on Solana for customers and developers. This integration connects regulated US brokerage infrastructure with blockchain-native liquidity, allowing users worldwide to transact in dollar-denominated assets. This marks a milestone in combining modern settlement rails with compliant investment platforms.
Expanded Leadership Team
This year, we grew our leadership team with the hiring of four key executives: Nadia Asoyan (Chief Financial Officer), the first finance hire at Robinhood; Juha Ristolainen (Chief Technology Officer), previously the CTO and Co-Founder of Upvest; Rohit Mulani (CEO of Alpaca Singapore), previously the Founder and CEO of Gotrade; and Hatem ElAraby (CEO of Alpaca KSA), previously the CTO of Derayah Financial.
What’s Coming in 2026
As we head into 2026, we look to expand our brokerage infrastructure by accelerating global expansion, increasing partnerships and product velocity, and enhancing reliable, compliant infrastructure that works across various regions and use cases. Product offerings we look to deliver include global stocks, index options, and more.
Our mission and vision to open financial services to everyone on the planet by building the global de facto standard for investing infrastructure continues to be our driving force, and we look forward to having an even more impactful year in 2026.
Thank you to all of our users, partners, and investors who had a hand in making this year so impactful.
†Alpaca does not make any representation that its products or services are Shariah-compliant. Customers are solely responsible for determining whether any offering meets their own Shariah requirements. Please see Alpaca Securities LLC Profit Sharing FDIC Bank Sweep Program Terms and Conditions for important information.
‡The OmniSub product is offered by AlpacaDB, Inc. as a technology service for sub-accounting related to omnibus clearing services. Approval for this technology service is subject to Alpaca Securities LLC due diligence review.
*Options trading is not suitable for all investors due to its inherent high risk, which can potentially result in significant losses. Please read Characteristics and Risks of Standardized Options before investing in options.
**Alpaca Securities offers a cash management program pursuant to the FDIC Bank Sweep. Customer funds are treated differently and are subject to separate regulatory regimes depending on whether customer funds are held in their brokerage account or within the FDIC Bank Sweep. Alpaca Securities is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). The Federal Deposit Insurance Corporation (FDIC) insures up to $250,000 per deposit against the failure of an FDIC member bank. Customer funds held in brokerage accounts are SIPC insured, but are not eligible for FDIC insurance coverage. Funds maintained in the FDIC Bank Sweep are intended to be eligible for pass-through FDIC insurance coverage but are not covered by SIPC. FDIC insurance does not protect against the failure of Alpaca, Alpaca Securities, or their affiliates, nor against malfeasance by their employees. Program banks that participate in the FDIC Bank Sweep are not members of SIPC, and therefore, funds held in the Program are not SIPC protected. Please see alpaca.markets/disclosures for important additional disclosures regarding Alpaca Securities brokerage offering, as well as FDIC Bank Sweep terms and conditions.
***Alpaca Elite users earn 50% of the interest income, while all users are guaranteed 20% of the interest income. For more information on Alpaca Elite please see the term and conditions. Please read Important Risk Disclosures With Respect To Participating In Fully Paid Securities Lending Transactions carefully before deciding whether to participate in lending Fully Paid Securities or agreeing to enter into a Master Securities Lending Agreement with Alpaca Securities LLC. These disclosures describe important characteristics of, and risks associated with engaging in, securities-lending transactions.
****Insights generated by our MCP server and connected AI agents are for educational/ informational purposes only and should not be taken as investment advice. Alpaca does not recommend any specific securities or investment strategies. Past performance from models does not guarantee future results. Please conduct your own due diligence before making any decisions. All firms mentioned operate independently and are not liable for one another.
*****Direct Market Access Gateway is provided solely by DASH Financial Technologies ("DASH"), a member of the listed exchanges. Alpaca enables customers to route orders to the selected exchange through DASH's DMA capabilities.
******Margin trading involves significant risk and is not suitable for all investors. Before considering a margin loan, it is crucial that you carefully consider how borrowing fits with your investment objectives and risk tolerance. When trading on margin, you assume higher market risk, and potential losses can exceed the collateral value in your account. Alpaca may sell any securities in your account, without prior notice, to satisfy a margin call. Alpaca may also change its “house” maintenance margin requirements at any time without advance written notice. You are not entitled to an extension of time on a margin call. Please review the Firm’s Margin Disclosure Statement before investing.
^ Orders placed outside regular trading hours (9:30 a.m. – 4:00 p.m. ET) may experience price fluctuations, partial executions, or delays due to lower liquidity and higher volatility. Orders not designated for extended hours execution will be queued for the next trading session. Additionally, fractional trading may be limited during extended hours. For more details, please review Alpaca Extended Hours & Overnight Trading Risk Disclosure. Extended Hours trading has unique risks and is different than trading in the main trading session, for more information please visit our Alpaca Extended Hours Trading Risk Disclosure
^^Alpaca's Instant Tokenization Network is owned and developed by AlpacaDB, Inc. and Alpaca Crypto LLC.
Additional geographic restrictions may apply for tokenization services based on local regulatory requirements. Neither Alpaca Crypto LLC nor Alpaca Securities LLC are the issuer of, nor directly involved in, the tokenization of any assets. Tokenization is performed by a third party. Tokenized assets do not represent direct equity ownership in any underlying company or issuer. Instead, tokenized assets generally provide economic exposure to the equity securities of an underlying issuer. As such, holders of tokenized assets have no voting rights, dividend entitlements, or legal claims to the underlying company shares or any residual assets in the event of the underlying company’s liquidation or insolvency, unless explicitly stated otherwise. All investments involve risk. For more information, please see our Tokenization Risk Disclosure.
^^^Fixed income securities can experience a greater risk of principal loss when interest rates rise. These investments are also subject to additional risks, including credit quality fluctuations, market volatility, liquidity constraints, prepayment or early redemption, corporate actions, tax implications, and other influencing factors.
~Please read Important Risk Disclosures With Respect To Participating In Fully Paid Securities Lending Transactions carefully before deciding whether to participate in lending Fully Paid Securities or agreeing to enter into a Master Securities Lending Agreement with Alpaca Securities LLC.
These disclosures describe important characteristics of, and risks associated with engaging in, securities-lending transactions.
⍏Cryptocurrency services are provided by Alpaca Crypto LLC (“Alpaca Crypto”), a wholly-owned subsidiary of AlpacaDB, Inc or Payward Interactive, Inc. depending on your residence.
Please review important Retirement Account Disclosures at https://alpaca.markets/disclosures before deciding to open an individual retirement account.
The content of this blog is for general informational purposes only.
Alpaca and the entities mentioned in this article are not affiliated and are not responsible for the liabilities of others.
All investments involve risk, and the past performance of a security, or financial product does not guarantee future results or returns. There is no guarantee that any investment strategy will achieve its objectives. Please note that diversification does not ensure a profit, or protect against loss. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing.
Cryptocurrency is highly speculative in nature, involves a high degree of risks, such as volatile market price swings, market manipulation, flash crashes, and cybersecurity risks. Cryptocurrency regulations are continuously evolving, and it is your responsibility to understand and abide by them. Cryptocurrency trading can lead to large, immediate and permanent loss of financial value. You should have appropriate knowledge and experience before engaging in cryptocurrency trading. For additional information, please click here.
Securities brokerage services are provided by Alpaca Securities LLC ("Alpaca Securities"), member FINRA/SIPC, a wholly-owned subsidiary of AlpacaDB, Inc. Technology and services are offered by AlpacaDB, Inc.
Cryptocurrency services are provided by Alpaca Crypto LLC, a FinCEN-registered MSB (NMLS ID 2160858) and is a subsidiary of AlpacaDB, Inc. Cryptocurrency assets are highly volatile and speculative, involving substantial risk of loss, and are not insured by the FDIC or any government agency. Customers should be aware of the various risks prior to engaging these services, including potential loss of principal, cybersecurity considerations, regulatory developments, and the evolving nature of digital asset technology. For additional information on the risks of cryptocurrency, please click here.
This is not an offer, solicitation of an offer, or advice to buy or sell securities or cryptocurrencies or open a brokerage account or cryptocurrency account in any jurisdiction where Alpaca Securities or Alpaca Crypto, respectively, are not registered or licensed, as applicable.
