Binance launches private IOI functionality for large spot and loan orders.

Mars Finance reported on December 11th that, according to The Block, Binance launched a Private Intention Indication (IOI) feature for large spot and loan orders, stating that it is the first crypto CEX to introduce the traditional financial IOI system to digital assets. This aims to help institutions execute large transactions without potentially disrupting the market. Intention Indications (IOIs) allow traders to privately express their intention to buy, sell, borrow, or lend large amounts of cryptocurrency without placing an order or disclosing their intentions on a public order book. Common in traditional financial markets, IOIs help institutions assess liquidity and negotiate terms without triggering the price volatility typically associated with large transactions. A Binance spokesperson stated that launching IOI through Binance's over-the-counter (OTC) and execution services platform aims to bridge 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.