According to the source, Binance is moving to support ultra-high-net-worth clients with $10 million or more in assets, based on comments from Catherine Chen, Head of VIP and Institutional. Source: Catherine Chen, Binance. Binance Institutional offers services tailored for large-ticket execution, including VIP fee tiers, OTC block trading, algorithmic execution, and dedicated account management, designed to reduce slippage and provide settlement flexibility for professional clients. Source: Binance Institutional. These institutional services route sizable orders through OTC and block venues to minimize market impact, a common approach when executing BTC and ETH for high-net-worth and professional clients. Source: Binance Institutional.

According to @secondswap_io, crypto lacks a mid-life market for vested and locked tokens, creating a structural liquidity gap that affects trading. The organization states that billions in locked capital and vested tokens are transacting via opaque OTC deals, breaking price discovery for these assets, according to @secondswap_io. Real-world asset adoption is being slowed by this opacity, according to @secondswap_io. Transparent, on-chain secondary markets are needed to handle this phase of token lifecycle, according to @secondswap_io.

According to the source, MoonPay obtained regulatory approval in New York to safeguard customers’ digital assets and facilitate over-the-counter (OTC) trades; source: New York State Department of Financial Services (NYDFS) approval records and company announcement dated Nov 25, 2025. Under NYDFS rules, authorization to custody digital assets and conduct virtual currency business requires meeting capital, AML, and cybersecurity standards for serving New York customers; source: NYDFS 23 NYCRR Part 200 and 23 NYCRR Part 500. For traders, a regulated OTC capability in New York provides a compliant venue for block trades and settlement, informing execution workflows and counterparty risk management; source: NYDFS virtual currency business activity guidance.

According to @EleanorTerrett, MoonPay has been granted a Limited Purpose Trust Charter by NYDFS, authorizing crypto custody and OTC trading in New York State. According to @EleanorTerrett, MoonPay now holds both a BitLicense and a Limited Purpose Trust Charter, placing it among a small group of licensed crypto firms including Coinbase. According to @EleanorTerrett, this dual licensure establishes MoonPay as a regulated OTC counterparty and custodian for New York trading desks and institutions. According to @EleanorTerrett, the regulatory approvals are the basis for MoonPay to provide compliant execution and safekeeping services in New York, which is critical for institutional workflows.