Binance has introduced Indication of Interest (IOI), a new institutional trading tool designed to enable private liquidity discovery for large spot and loan transactions without exposing intent to public markets.The IOI feature is part of Binance’s OTC and Execution Services suite, complementing existing Request-for-Quote (RFQ) and high-touch execution offerings. It is available exclusively to VIP and institutional clients, addressing long-standing challenges around block trading, financing efficiency, and information leakage in crypto markets.What Is Binance Indication of Interest (IOI)?An Indication of Interest (IOI) is a private, non-binding signal that a trader intends to:Buy or sell a specific crypto asset, orBorrow or lend capital under defined termsIOIs are widely used in traditional financial markets to gauge liquidity and counterparties without committing to a trade or revealing intentions on public order books.On Binance, all IOIs are submitted off-book and handled through the Binance OTC Desk, ensuring that trading or financing intentions remain confidential and invisible to the broader market.Two Core IOI Functions on BinanceSpot IOI: Private Block Trade DiscoverySpot IOI allows institutional traders to discreetly signal interest in buying or selling a crypto asset at a targeted size and price level.By submitting a Spot IOI:Traders avoid placing large orders on public order booksThe Binance OTC Desk actively seeks suitable counterpartiesLiquidity is sourced from Binance’s global institutional networkThis approach helps reduce slippage, minimize market impact, and improve execution quality—particularly for mid-cap and less liquid assets.Loan IOI: Confidential Borrowing and LendingLoan IOI is integrated with Binance’s Fixed Rate Loan infrastructure and enables users to privately signal:Borrowing needs, orLending availabilityUsers can specify custom loan parameters, including size, duration, and rate. Binance’s OTC Desk then matches participants with suitable counterparties under separately governed fixed-rate loan agreements.Loan IOI is designed to improve capital efficiency for institutions managing large balances or scaling trading operations.IOI Blotter for Institutional Workflow ManagementAll registered IOIs—both active and completed—are displayed in the IOI Blotter, accessible via the IOI product page.The blotter provides:Centralized tracking of interest registrationsImproved reporting and internal coordinationDirect visibility for communication between client teams and the Binance OTC DeskThis functionality supports professional trading desks and treasury teams managing multiple strategies simultaneously.Why Binance IOI Matters for Institutional Crypto TradingPrivate Signaling Without Market ImpactPublic order books can widen spreads and attract adverse price movements when large orders appear. IOIs allow institutions to signal interest privately, avoiding unnecessary volatility and information leakage.Early Liquidity IdentificationIOIs help traders quickly assess whether genuine counterparties exist at desired price and size levels. If no interest emerges, strategies can be adjusted without leaving footprints on the market.Improved Trade MatchingBy acting as an initial, discreet point of contact, IOIs allow institutions to review terms and negotiate efficiently—particularly valuable in illiquid or volatile markets.Enhanced Capital FlexibilityLoan IOIs address inefficiencies such as idle capital or constrained liquidity by enabling customizable borrowing and lending arrangements tailored to institutional needs.How to Register an Indication of Interest on BinanceStep 1: Access the IOI PlatformNavigate to Binance OTC & Execution Services via the VIP Portal or mobile app, then select the IOI tab.Step 2: Choose Spot IOI or Loan IOISelect the product aligned with your trading or financing strategy.Step 3: Set Custom ParametersDefine asset, size, price range, or loan terms. Review carefully before submitting.Step 4: Track via the IOI BlotterMonitor active and completed IOIs, adjust strategies, and coordinate with the Binance OTC Desk.A New Standard for Institutional Crypto ExecutionWith the launch of Indication of Interest, Binance is bringing a traditional institutional trading mechanism into crypto markets, offering greater discretion, improved liquidity discovery, and more efficient execution.As crypto markets mature and institutional participation deepens, tools like IOI are becoming essential infrastructure for large-scale trading and financing—bridging the gap between traditional market practices and digital assets.
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