Alpaca Clearing Expands Excess SIPC Coverage, Strengthening Commitment Towards Enhanced Protection

Alpaca, a US-headquartered broker-dealer, has announced the expansion of its Excess Securities Investor Protection Corporation (SIPC) Coverage, which now provides protection for its customers up to $75 million in securities and $75 million in cash, with an aggregate limit of $250 million across all customer accounts. This enhancement significantly increases the protection from the previous limits and aims to build trust and offer reassurance to Alpaca's partners and customers, which include over 9 million brokerage accounts across more than 40 countries. While the standard SIPC coverage protects customer assets up to $500,000, including $250,000 for cash, Excess SIPC Coverage offers an additional layer of security beyond this limit, although it does not cover market losses or declines in investment value. Alpaca's expansion aims to support its growing global ecosystem and assure partners and traders of the safety of their assets as the company continues to scale its operations worldwide.