Binance has launched a private Indication of Interest (IOI) feature to facilitate large over-the-counter (OTC) transactions and loans exceeding $200,000. This new feature allows institutional users to express their interest in executing significant spot and fixed-rate lending orders without publicly placing them, thereby minimizing slippage and market disruptions. The IOI feature is visible only to Binance's internal OTC team and matching parties, enhancing trading efficiency for institutional clients. Binance claims to be the first exchange to bring this traditional financial mechanism to the cryptocurrency market, with plans to support API submissions in the future.