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BTC $60,958.51 -0.03%
ETH $1,561.34 -2.72%
BNB $575.99 -1.28%
XRP $1.10 -0.00%
SOL $62.58 -2.90%
TRX $0.3205 -1.11%
DOGE $0.0819 -0.06%
ADA $0.1597 +0.31%
BCH $218.73 +0.94%
LINK $7.38 -0.25%
HYPE $58.74 -3.90%
AAVE $60.92 -2.66%
SUI $0.7201 +3.31%
XLM $0.2009 +7.52%
ZEC $357.20 +17.35%

nest

Binance's US stock business revealed: Nest Trading is actually an affiliate of Binance

According to the public register of the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority, the introducing broker responsible for Binance's US stock trading services, Nest Trading Limited, is an affiliated entity of Binance, and its official website registration directly points to Binance. The company completed its registration in ADGM on January 5, 2026, just about 5 months after Binance launched its US stock trading services.Nest Trading holds an ADGM financial license, with business scope covering investment arrangements, investment agency and proprietary trading, asset management, currency services, and custody arrangements. However, according to regulatory requirements, the company is not allowed to hold or control client funds and assets; the execution, clearing, and custody of user assets are handled by the US brokerage Alpaca Securities, and its currency services are also limited to regulatory-approved stablecoins.It is noteworthy that Binance previously described Nest Trading as an "independent introducing broker," responsible for routing user orders to Alpaca Securities. Meanwhile, Binance's official website disclosed that it has established three "Nest" entities in Abu Dhabi: Nest Exchange Limited (trading system operation), Nest Clearing and Custody Limited (custody and central securities depository), and Nest Trading Limited (investment trading matching, asset management, and currency services), indicating that it is gradually building a complete on-chain securities infrastructure.

Metaplanet responds to "dishonest information disclosure": it is inconsistent with the facts, and the long-term systematic strategy of increasing BTC holdings remains unchanged

The CEO of Japan's Bitcoin treasury company Metaplanet, Simon Gerovich, posted on the X platform in response to an anonymous account inciting public opinion without accountability and accusing the company of "dishonest information disclosure." He stated that the related claims are inconsistent with the facts, and both he and the company are willing to take public responsibility for all actions and statements. The company's long-term systematic strategy of increasing Bitcoin holdings remains unchanged.Simon Gerovich stated that over the past six months, against the backdrop of rising volatility, the company has increased its allocation to income-generating businesses by selling put options and employing spread strategies to obtain premiums, while allocating part of the funds for long-term Bitcoin holdings. All Bitcoin purchases are disclosed immediately after decisions are made, and all Bitcoin addresses of the company are public, allowing shareholders to view the holdings in real-time dashboards. In response to the accusation of "buying at high levels in September without disclosure," he mentioned that there were four purchases made in September, all of which were announced in a timely manner. The company's strategy is not about timing the market but rather about long-term, systematic accumulation of Bitcoin.Additionally, selling put options is not merely a bet on price increases, but rather a way to acquire Bitcoin at an effective cost below the spot price. Regular losses mainly stem from the unrealized fair value fluctuations of Bitcoin that are held long-term and not sold, and interpreting this as a strategic failure is a misunderstanding.
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