Binance, the world's largest cryptocurrency exchange by trading volume, has significantly upgraded its Execution Services to aggregate both spot and options liquidity from an expanded network of external providers alongside its proprietary order books. This enhancement is designed to improve speed, pricing, and execution time for institutional and high-volume users, offering greater flexibility in execution methods.
The upgraded system prioritizes flow internalization to help sophisticated clients reduce slippage and optimize trading outcomes. Users can choose between OTC risk-pricing and bespoke execution, with Binance's execution desk leveraging algorithmic trading capabilities like Time Weighted Average Price (TWAP) and Percentage of Volume (POV). These algorithms can be managed via the Binance VIP Portal or with assistance from Binance's VIP team.
Notably, OTC trades on Binance can now settle in as little as 15 minutes, a substantial improvement over the industry standard of T+1. The service targets a diverse range of institutional users, including large-volume traders, whales, hedge funds, and high-frequency trading firms.
Catherine Chen, Head of VIP & Institutional at Binance, stated: "Clients who prioritize pricing and speed for larger trades will enjoy our enhanced OTC service, and clients who prefer bespoke execution can also rely on us to fully manage the process for them."
Binance reported strong institutional growth in H1 2025, with VIP users increasing by 21% year-on-year and institutional users by 20%. Trading volumes for these segments rose by 10% and 12%, respectively, indicating rising demand for tailored execution solutions.