Binance launches a private IOI feature for large spot and loan orders

According to The Block, Binance has launched a private indication of interest (IOI) feature for large spot and loan orders, claiming to be the first cryptocurrency CEX to introduce a traditional financial IOI system into digital assets, aimed at helping institutions execute large trades without potentially disrupting the market.

Indications of interest (IOIs) allow traders to privately express their willingness to buy, sell, borrow, or lend large amounts of cryptocurrency without placing orders or disclosing their intentions on the public order book. IOIs are common in traditional financial markets, helping institutions assess liquidity and negotiate terms without triggering the price volatility typically associated with large trades.

A Binance spokesperson stated that the launch of IOIs through Binance's over-the-counter (OTC) and execution services platform aims to bridge the long-standing gaps in cryptocurrency trading infrastructure, aligning cryptocurrency workflows with traditional finance while providing institutions with better liquidity discovery and counterparty matching in a private environment.