Summary
- Binance announced that it has introduced an IOI (Indication of Interest) feature for institutional investors.
- This feature is said to minimize price volatility and intent exposure during large transactions, increasing trading efficiency.
- Binance emphasized that the IOI feature meets the requirements of institutional investors and complies with traditional financial standards.
As regulations related to virtual assets (cryptocurrencies) have become clearer worldwide, anticipation is growing for institutional investors' entry into the virtual asset market, and the world's largest virtual asset exchange has taken preemptive measures.
On the 12th (Korea time), according to Finbold, Binance introduced an IOI (Indication of Interest) feature to improve trading efficiency for institutional investors.
IOI is a method that can convey trading interest without submitting a binding order to the public order book, aimed at minimizing price volatility and intent exposure that can occur during large transactions. It has been commonly used in institutional trading in traditional financial markets.
Binance explained, "Through spot IOI, institutional clients can indicate interest in large-scale buying or selling at specific price ranges," adding, "Loan IOI is linked with Binance's fixed-rate lending infrastructure, allowing borrowers and lenders to adjust terms to match funding needs."
The Binance IOI feature is provided through Binance OTC.
Catherine Chen, head of Binance VIP and Institutional, said, "Binance is leading the development of institutional virtual asset trading through tools that prioritize liquidity and efficiency," adding, "The IOI feature is aligned with traditional financial standards and will meet the needs of institutional investors who require large-scale transactions."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
