Nest Trading, a recommended broker for Binance US stock trading, is its own entity According to Foresight News, the Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority's public registry shows that Nest Trading Limited, the referral broker used by Binance's US stock trading service, is Binance's own entity, and its registration website directly points to (binance. com). The company completed registration with ADGM on January 5, 2026, only about 5 months after the launch of Binance US stock trading. Its licensed scope covers investment arrangements, investment agency and proprietary trading, asset management, currency services, and custody arrangements. According to ADGM regulatory requirements, Nest Trading is not allowed to hold or control client funds and assets, and the actual custody work is undertaken by Alpaca Securities; In addition, its currency services are limited to regulatory approved stablecoins. Previously, Binance announced that Nest Trading was described as an independent referral broker responsible for routing user orders to Alpaca Securities for execution, clearing, and custody. \According to the official website of Binance, Binance has three "Nest" series entities in Abu Dhabi: Nest Exchange Limited is responsible for operating the multilateral trading system, Nest Clearing and Custody Limited is the custodian and central securities custodian, and Nest Trading Limited is responsible for investment trading consolidation, asset management, and currency services. According to ADGM regulatory requirements, Nest Trading is not allowed to hold or control client funds and assets. The actual custody work is undertaken by Alpaca Securities, and its currency services are limited to regulated stablecoins.