Brokerage

Backpack

2026-10-03 07:34:57

Backpack founder Vibhu outlines 1:1 conversion between tokenized stocks and real shares

Backpack founder Vibhu said on X that the Solana ecosystem wallet and trading platform supports a two-way conversion model between tokenized stocks and actual shares. According to his explanation, Backpack operates as a full-service broker and offers a 1:1 conversion mechanism. The platform supplies initial liquidity first, and if on-chain demand exceeds available supply, it will gradually buy more shares through the brokerage side and mint matching tokens on-chain. Vibhu also said users can redeem tokenized equity holdings for actual stock shares. He described the setup as a two-way equity bridge that lets users move equity from a brokerage account onto the blockchain or transfer it back off-chain, while keeping the nature of the equity unchanged throughout the process.

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BitGo

2026-10-02 11:57:44

BitGo CEO says stalled CLARITY Act leaves U.S. crypto market exposed

BitGo CEO Mike Belshe warned on Oct. 2 that the failure of the CLARITY Act to advance has left the U.S. crypto market exposed to systemic risk. He pointed to the concentration of exchange operations, brokerage services, and asset custody under a single institution as the main concern. Belshe said the structure deserves even more caution than the risk seen in the Lehman Brothers episode. In his view, the collapse of a broker may lead to limited losses, but if the same firm also runs a trading venue and holds client assets in custody, its failure could drag the broader market into crisis. The remarks focus on market structure risk rather than a specific company and frame the legislative delay as a continuing vulnerability for the U.S. crypto sector.

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Binance

2026-10-02 09:23:46

Binance to suspend U.S. stock trading for one hour on Oct. 3

Binance said in an official announcement that trading of U.S. stocks on its platform will be temporarily suspended because its partner brokerage is carrying out a system upgrade. The maintenance window is scheduled for Oct. 3, 2026, from 19:00 to 20:00. During that period, users will not be able to place stock orders. The notice did not provide additional details beyond the upgrade schedule and the temporary trading halt.

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Binance

2026-10-02 09:05:35

Binance to suspend stock trading from 19:00 to 22:00 on Oct. 3

Binance said its stock trading service will be temporarily suspended on Oct. 3, 2026, from 19:00 to 22:00 due to a system upgrade by its partner brokerage. During that window, users will not be able to place stock orders on the platform. The update was reported by BlockBeats on Oct. 2. Binance attributed the interruption specifically to maintenance on the brokerage side rather than a broader platform-wide outage. No other service changes were disclosed in the announcement. The scheduled pause applies to stock trading on Binance during the three-hour upgrade window.

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Alpaca

2026-09-29 16:01:54

Alpaca unit in Singapore receives in-principle approval for MAS CMS license

Alpaca said its Southeast Asia headquarters, Alpaca Securities Pte. Ltd., has received in-principle approval from the Monetary Authority of Singapore for a Capital Markets Services license. The company said it plans to offer brokerage and custody services in Singapore after meeting the relevant conditions and obtaining the full license. Those services are intended for financial institutions and fintech companies across Southeast Asia. Alpaca also made clear that in-principle approval is not the same as a formal license, and that it cannot begin providing the related services on that basis at this stage.

200

BIT

2026-09-28 06:33:09

BIT starts internal testing for Hong Kong stock trading, sets Oct. 12 launch

BIT said its Hong Kong stock trading service has entered internal testing and will move into an invitation-only public beta on Oct. 5 before opening for trading on Oct. 12. Users will be able to trade directly with stablecoins. In the first phase, the service will cover all stocks listed on the Hong Kong Stock Exchange Main Board and GEM, along with IPO subscriptions and margin trading. The company said Hong Kong and U.S. stock trading will run under the same account structure, allowing existing BIT U.S. stock account holders to activate Hong Kong stock trading directly. During the public beta and through the first month after the official launch, ending Nov. 11, users will receive incentives including zero-commission trading, zero interest and zero subscription fees for margin IPO subscriptions, a HK$100 Hong Kong stock platform fee voucher, and an L2 market data card. Elio Cui, head of BIT’s brokerage business, said the launch gives clients a more complete cross-market investment tool and supports allocation across U.S. stocks, Hong Kong stocks, and digital assets through one account.

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X

2026-09-15 16:26:58

X launches Cashtag partner program in the U.S. with Coinbase among first participants

Coinbase said in a post on X that it has joined X’s Cashtag program as one of its first partners. X has now rolled out the Cashtag partner program in the United States, allowing users to tap stock, ETF, and cryptocurrency symbols that appear in their timelines to view price charts and related posts. From there, users can select the "Trade" option and jump to participating broker and trading platforms to complete transactions. The companies named in the rollout include Interactive Brokers, Moomoo, Gemini, Kraken, and Coinbase. The update links market data discovery on X with external trading venues, giving U.S. users a direct path from viewing asset symbols in posts to placing trades on partner platforms.

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Cascade

2026-09-12 23:12:03

Crypto brokerage platform Cascade shuts down, directs users to claim remaining funds

Crypto brokerage platform Cascade, formerly known as Perennial, said it has shut down operations and is no longer running. The company said it spent the past five years building what it described as a next-generation brokerage experience: a unified platform for global markets designed around 24/7 access and broad accessibility. Cascade said the closure was not an easy decision and thanked supporters who had backed the platform over the years. Users can now claim remaining funds held in Cascade, described as CLS+trading, through an official designated link after logging in via Privy Home. The platform also warned users to use only that specified link and to verify details against its official verification information before proceeding.

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