Binance Launches Private IOI Feature on OTC Desk

Binance has launched a private indication of interest (IOI) feature for large spot and lending orders through its over-the-counter (OTC) desk, The Block reports. This feature allows institutional investors to privately signal their intention to buy, sell, borrow, or lend large amounts of cryptocurrency without having to place orders on the public order book or reveal their intention to trade. This feature is available to verified institutional clients and high-net-worth individuals with a minimum trade size of $200,000.