This article provides a deep analysis of US stock trading products offered by crypto exchanges (CEX), revealing they are not real equity ownership but differentiated exposures via three paths: traditional API, tokenization, and perpetual contracts. It focuses on the five-layer architecture under tokenization that causes voting rights evaporation, dividend contractualization, and SIPC protection failure, and exposes the liquidity discontinuity and risk transfer issues arising from Alpaca's 94% liquidation custody monopoly.

本文揭示加密交易所（CEX）提供的所谓“美股”产品并非真实股票所有权，而是通过传统API、代币化、永续合约三条路径实现的风险暴露。重点拆解代币化模式下的五层架构，导致投票权、分红权及SIPC保护全部失效，并指出Alpaca垄断94%清算托管所引发的流动性断层与风险转嫁问题。

Bitget announced a partnership with US SEC-registered broker Atomic Vaults (AVS) to support its new US stock direct trading service. The dual-track model of tokenization and direct access aims to serve diverse user needs.

Bitget has announced a partnership with Atomic Vaults (AVS), a SEC-registered broker-dealer and FINRA/SIPC member, to provide eligible users with 24/5 access to over 10,000 US stocks and ETFs. AVS boasts institutional-grade infrastructure and monthly nominal trading volumes exceeding $20 billion.

Binance's US stock trading business operates on a dual-core model of introducing broker and clearing broker, with Nest Trading referring orders and Alpaca Securities executing and settling. The partnership creates a cross-border compliant loop combining an ADGM license with US-regulated clearing.

Bitget's compliant RWA issuance platform Reality has partnered with US registered broker and self-clearing institution Alpaca. Alpaca will provide brokerage infrastructure support to Reality, enabling access to tokenized US stocks and ETFs while covering clearing, custody, and trade execution—further advancing compliant integration between traditional financial assets and on-chain infrastructure.

Bitget's RWA issuance platform Reality has partnered with US-registered broker-dealer and self-clearing firm Alpaca to enhance its tokenized stock and ETF offerings with regulated brokerage infrastructure covering clearing, custody, and trade execution.

A crypto IRA is a self-directed individual retirement account that allows US investors to hold digital assets like Bitcoin and Ethereum under a tax-advantaged umbrella. This guide breaks down the differences between Traditional and Roth IRAs, the 2026 contribution limits ($7,500 annually, $8,600 for those 50+), required minimum distributions starting at age 73, and the strict custodial and compliance requirements set by the IRS. We explore how crypto IRAs can diversify a stock-heavy portfolio, potentially hedge against inflation, and provide tech-driven growth. At the same time, we highlight the risks—extreme volatility, regulatory uncertainty, and custodian fees. A step-by-step walkthrough shows how to open a crypto IRA on Crypto.com, and we include a detailed comparison table between Traditional and Roth IRAs. The article also covers practical aspects such as buying crypto within the IRA, storage considerations, and the importance of recordkeeping. Whether you are considering rolling over an existing 401(k) or starting from scratch, this resource equips you with the essential knowledge to evaluate if a crypto IRA fits your long-term retirement strategy.