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Alpaca Introduces Excess SIPC Coverage Bolstering Commitment Towards Enhanced Protection

Blog post from Alpaca

Post Details
Company
Date Published
Author
Sonia Sethi
Word Count
625
Company Posts That Month
3
Language
English
Hacker News Points
-
Post removed?
No
Summary

We are excited to expand our network of global partners and observe the emergence of new business models that align with local regulatory frameworks. We have introduced Excess SIPC Insurance coverage, exceeding the standard SIPC threshold, providing protection for customers up to $30 million in securities and $1 million in cash. This initiative emphasizes our commitment to trust and confidence among stakeholders, particularly those with higher net worth. Our extensive global network of over 100 partners will also benefit from this enhanced protection, offering a sense of reassurance for algorithmic traders who rely on our platform.

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