The entity behind Binance's US stock business revealed: Nest Trading is actually an affiliated company of Binance.

CoinFeed reported on June 1st that, according to the Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority's public register, Nest Trading Limited, the referral broker responsible for Binance's US stock trading services, is an affiliated entity of Binance, with its official website directly linking to Binance. The company completed its registration with the ADGM on January 5, 2026, approximately five months after Binance launched its US stock trading service. Nest Trading holds an ADGM financial license, covering investment arrangements, investment agency and proprietary trading, asset management, money services, and custody arrangements. However, according to regulatory requirements, the company is prohibited from holding or controlling client funds and assets; the execution, clearing, and custody of user assets are handled by the US brokerage firm Alpaca Securities, and its money services are limited to regulatory-approved stablecoins.