Binance OTC Volume Hits 25% of Full-Year 2025 Total in Just Two Months of 2026

Binance's OTC desk posted a sharp early-2026 pickup, with January–February trading volume reaching 25% of the platform's total for all of 2025. The mix shifted dramatically between the two months. Bitcoin's share of OTC activity surged to 45.81% in February from 4.91% in January. Stablecoin-to-crypto flows more than doubled month over month, lifting their share from 21.43% to 48.95%. A notable transaction involved a $105 million WBETH-to-ETH conversion completed in two hours with 50 basis points of slippage—about 75% better than what the order book implied. "The institutional demand for deep liquidity and trusted execution is stronger than ever," Binance CEO Richard Teng said in a post on X.