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Binance has announced enhancements to its execution services by aggregating spot and options over-the-counter (OTC) quotes from a wide network of liquidity providers. This move aims to improve pricing, speed, and discretion for large cryptocurrency trades.
According to PR Newswire, Binance's upgraded Execution Services now aggregate liquidity from an extensive external network in addition to its proprietary native order books. This upgrade targets improved flow internalization for users trading large volumes, allowing institutional and high-volume traders to mitigate market impact, reduce slippage, and maintain trade confidentiality. The shift underscores Binance’s intent to bring institutional-grade execution quality to the crypto market space.
PR Newswire reports that the enhanced Execution Services aggregate live quotes from multiple liquidity providers for both spot and options markets. This aggregated model supports tighter spreads and faster execution speeds—key performance metrics for large-volume and institutional trades. The upgraded service also offers users the choice between OTC risk-based pricing or fully bespoke execution strategies, where Binance’s execution desk can leverage algorithmic tools such as Time-Weighted Average Price (TWAP) and Percentage of Volume (POV).
