Binance launches private IOI feature for large spot and lending orders

Binance introduced a private Indications of Interest (IOI) feature for large spot and lending orders on Dec. 11, becoming the first crypto exchange to adopt the traditional finance IOI system for digital assets, The Block reports. The IOI mechanism allows traders to privately signal interest in buying, selling, borrowing or lending large cryptocurrency amounts without placing public orders, a common practice in traditional markets to assess liquidity and negotiate terms without triggering price swings. A Binance spokesperson said the launch via its OTC and execution services platform aims to bridge a gap in crypto trading infrastructure by aligning workflows with traditional finance and providing institutions with improved liquidity discovery and counterparty matching in a private environment.