August 2023 Summaries

Alpaca Crypto is rolling out support for new cryptocurrencies, expanding its USDC pair support, and facilitating deposits and withdrawals for all supported Ethereum-based tokens starting from August 18th at 9 am EST. The platform will introduce Curve Token (CRV), Polkadot (DOT), USD Coin (USDC), and Tezos (XTZ) as new coins to be supported. Additionally, the expansion of USDC pairs support will include exciting combinations like BTC/USDC, ETH/USDC, CRV/USDC, and others. The platform also enhances its crypto wallet services by facilitating seamless deposits and withdrawals for all ERC-20 tokens. Alpaca Crypto aims to further enrich its users' crypto trading experience through these updates.

Drahim App Investments has created an innovative financial app that offers robo-advisory services for individuals seeking personalized auto-investing plans. The app aims to transform the way people perceive and manage their money by integrating seamlessly with banks to provide a comprehensive overview of financial transactions in Saudi Arabia. Drahim's mission is to empower investors to take control of their finances, while its key features include an investment wallet with goal-based automation and seamless integration with various Saudi Arabian banks. The app partners with Alpaca for its capability to offer seamless integration with the US stock market, aligning perfectly with Drahim's commitment to delivering the best possible service.

Alpaca Securities LLC is a Carrying Broker Dealer and Clearing firm that enables partners worldwide to embed US stock trading into their product offerings for end customers. With a focus on compliance and extensive operations expertise, Alpaca aims to make running and growing partner businesses easier. As a Carrying Broker Dealer, Alpaca maintains accounting books, carries customer assets, provides account maintenance and regulatory reporting, and verifies trades. Securities brokerage services are provided by Alpaca Securities LLC, a member of FINRA/SIPC, while cryptocurrency services are made available by Alpaca Crypto LLC, a FinCEN registered money services business. Alpaca supports various partnership types, including fully-disclosed and omnibus relationships, allowing US and international broker-dealers to leverage its APIs for embedded investing products. The company also offers technology partnerships on a case-by-case basis. Alpaca's robust compliance measures and diverse range of partnership types aim to facilitate the growth and success of businesses worldwide by providing seamless access to US stock trading.