Binance launches private IOI feature for large spot and loan orders via OTC desk

Binance has launched a private Indication of Interest (IOI) feature for substantial spot and loan orders, aiming to be the first crypto exchange to integrate this traditional finance system for institutional clients. The IOI system allows traders to privately signal interest in buying, selling, borrowing, or lending large crypto amounts without placing public orders, thereby preventing price slippage and market disruption common with large transactions on public order books. This feature is accessible to verified institutional clients and high-net-worth users dealing with minimum sizes around $200,000, routing potential matches through Binance's Over-The-Counter (OTC) and execution services desk. IOIs are non-binding signals; if a counterparty is found, Binance facilitates confirmation and finalization of terms. Submitting an IOI is free, with revenue generated only upon successful execution via an embedded OTC spread. This new feature complements the existing Request-For-Quote (RFQ) system by catering to more non-standard, large-block requests or longer-dated loans.

(Source：The Block)