Binance Launches Wealth Service With 11 US-Listed ETFs
Binance has launched a wealth management service offering access to 11 U.S.-listed exchange-traded funds focused on short-term U.S. Treasurys and investment-grade bonds. The new product, called ETF Wealth Management, is part of the cryptocurrency exchange's broader expansion into traditional finance products. The service groups the ETFs into three categories based on investment horizon: cash management for periods under six months, steady income for six to 12 months, and yield enhancement for periods longer than one year. Users purchase actual ETF shares, not tokenized securities, through the Binance platform. According to the company's announcement, orders are placed through Binance Stock Trading and routed via Nest Trading to Alpaca Securities, which handles execution, clearing, settlement, and custody. Binance provides the user interface but does not directly custody the securities. The company stated it may receive payment for order flow when directing securities orders. The launch extends Binance's push into traditional finance, which began with the introduction of direct trading in over 7,000 U.S. stocks and ETFs in June.