When Alpaca CEO Yoshi Yokokawa talks about AI agents trading stocks, he’s not pitching some distant future. Monthly active API users on Alpaca’s trading infrastructure have grown nearly 4x over the past six months. The numbers behind the agent boomThe acceleration started becoming visible in Q1 2026, when Alpaca’s API usage surged nearly 4x quarter-over-quarter. Fresh capital for an agent-first futureOn July 16, 2026, Alpaca closed a $135 million equity raise led by Peak XV, bringing its total financing to $435 million. Where crypto and tokenization fit inThe company supports stock, ETF, options, and crypto trading through its APIs.