This advantage is very clear!
First of all, in terms of cost, #Binance's trading costs for US stocks are close to IBKR, significantly lower than Tiger and Futu, and what you buy is real US stocks, not US stock tokens.
Regarding compliance, the US stock business adopts the "introducing broker + clearing broker" model, with Nest Trading responsible for order referral and Alpaca responsible for trade execution, clearing, settlement, and asset custody.
The underlying broker, Nest Trading, is an entity owned by Binance, registered and licensed by the Abu Dhabi Regulatory Authority, while execution, clearing, and custody are handled by a broker-dealer registered with the US Securities and Exchange Commission (SEC), and also a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), the US licensed broker Alpaca Securities.
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